The FHA has recently changed the way student debt is assessed and calculated for new homebuyers. Click link for more information on how these changes could be beneficial. https://wallstreetjournal-ny-app.newsmemory.com/?publink=138aa1269_1345ddf If you are a new homebuyer contact Counsel Mortgage Group. We offer a variety of products and services, ask us how we can assist you today. Counsel Mortgage Group®, LLC www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA DBO #60dbo43873 Copyright © 2021 Counsel Mortgage Group®, LLC.
Category: Student Loans
Student loan debt coming out of medical school could take many years to payoff. Lenders recognize this fact, and have come up with programs to help medical professionals qualify for mortgages without regard to this debt. Lenders know it may take several years for medical professionals to reach their full earnings potential. As a result, they are willing to work with new doctors to qualify them for higher loan amounts in expectation of these increased earnings. If you just completed a residency program or a medical clinical fellowship program, and your student loans are in deferment or forbearance, lenders may...
Are you a soon to be college graduate considering financing a home loan? Student loan payments were deferred during the onset of the pandemic and you may not have had a monthly payment. Nonetheless, lenders will calculate a payment to qualify you for the loan, when applying.