How to Buy a House With Student Loans in Income Based Repayment
It is no secret that student loans cause debt ratio issues when qualifying for a home loan. While mortgage lending hasn’t caught up with student loan debt payment options, there are great solutions available. So let’s share creative ways millennials and first time buyers with even large student debt could buy a home. Plus buy a home with great terms!
Per a recent Federal Reserve report **, student loan debt is rising at an alarming rate of $2,701 per second! As of January 2017, student loan debt is approximately $1.4 trillion! Obviously this is a problem. We don’t have a solution for this stat, but we do have a great option for many that desire to be a homeowner.