Fannie expands student debt mortgage swap program · PERT Florida Real Estate School

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For instance, I supported the extension of the interest rate for student loans. it’s been really a distraction from the real issues. I mean, we’ve got $16 trillion in debt and we’re getting ready.

Trying to qualify for a home mortgage can get a little sticky if you have a large number of outstanding student loans. If your payments are deferred, or the loan is in forbearance, you must use 1% of the loan balance when calculating your debt to income ratio. Fannie Mae conventional is now your only IBR option in 2018

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On top of that, now we see a new suspect figure enter the scenario that may quantify the depth of this ugly credit-default swap market to a shocking figure of $28,500,000,000,000! (That’s my first.

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Fannie expands student debt mortgage swap program PERT Florida Real Estate School It is better late than never that fannie mae allowed for easier mortgage qualification with existing student loan debt. VA loans and freddie mac conventional loans already have some flexible ways to help buyers.

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