$150,000 in student loans. Will I ever be able to get a mortgage loan?
Answer:
Depends on your debt to income ratio.if the ratio of monthly living expenses exceeds the income by 40%, then it is unlikely that you qualify for a cheaper loan.you may still get a loan if you have alot of equity to invest in a new hse etc...also, the struture of ur student loans is important.if pymts are deferred that can work in your favor .....
Fat chance....
Too many debts...your score would be very low
Yes. It is easier than you think to get a home loan to buy a house.
Hello -
Yes you have a chance of getting a home loan. May I make a suggestion, why not begin to put in place a financial strategy using what would be your largest financial asset, a new home purchase.
I'm supplying you a link to what is called a Velocity of Money calculator. This will allow you to calculate for yourself, how your new home will allow you to begin to payoff your student loans, via appreciation and tax write offs.
Here is that link -
http://www.mortgagemarketguide.com/membe.
In regards to some basic information on home loans and how to qualify, please visit this FREE website - http://www.freemortgageinformationsouthe.
If you have any further questions, please feel free to shoot mean email.
Best Regards,
Darren Meade
Yes-but it could be a little work. You may want to consider a search on "college loan consolidation" or "student loan consolidation" at
http://online-mortgage-shoppers.com/.
This could lower your paymemts and put you in a better position to take on a mortgage payment
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