How Does Student Loan Debt Impact Your Ability to Become a Homeowner?
CategoriesCredit & Economics / Financial Education / First Time Home Buyer / Home Financing Tips / Video
How Does Student Loan Debt Impact Your Ability to Become a Homeowner?
This video from GMFS Mortgage helps explains how having student loan debt does not mean you cannot qualify for a mortgage. As with most financing, your debt to income ratio (DTI) is one key factor in qualifying for a loan.
Certain home loan programs weigh student loan debt differently when calculating your DTI. Your loan officer can review the best options for your situation.
Get started with GMFS Mortgage today!
Continue Watching: How Much Home Can You Afford