0
Can you get a home loan when one person makes 50k a year with a score of 580 with no debt and the other is a student who makes 12k a year and has a score of 650 with deferred student loans?
Wiki User
∙ 18y ago
The simple answer is basically a yes, you can most definitley qualify and with your credit score you may qualify upwards of 95%, depending on certain factors possibly even 100%.
Wiki User
∙ 18y ago
Add your answer:
Earn +20 pts
Which of these makes a student loan different from other types of loans?
Students don't have to provide any collateral to get a student loan. On some student loans, payment may be deferred until the student is out of college.
How do you get rid of student loans?
The only way to make student loans go away is to pay them off. Recent changes in bankruptcy laws makes it almost impossible for student loans to be discharged in a bankruptcy filing. Or simply avoid students loans, check out the Related Link.
How can I find out who purchased my student loans after bankruptcy?
This makes no sense. Sorry. Student loans are not discharged by bankruptcy, and unless the loans are private, they are not sold to other lenders. Typically, loans return to the Loan Service Center of the Department of Education, and are administrated by the Department of Treasury.
What makes sallie mae student loans different from other loan types?
Sallie Mae is good for student loans because they have loan education on site and offers you help if you cannot pay.
Taking Out Subsidized Student Loans?
When taking out student loans, there are certain things that any student truly needs to remember. It is very important for a student to have his or her documents in order, before applying for student loans. A person truly needs to take the process of applying for student loans in a serious manner, or else he or she may never be able to receive the loans that one needs. A student also needs to make sure that his or her credit score is good, before applying for subsidized student loans. It is very important for any student to get a copy of his or her credit report, before applying for student loans. If a student does not do this, then he or she runs the risk of applying for loans and being rejected for such loans, due to a poor credit rating. It is also important for a student to be as honest as possible when filling out the FAFSA. A student should remember to turn in his or her application for federal aid as soon as possible. It is very important for a student to know exactly when the FAFSA is due for the given state in which he or she lives. If a student does not turn a FAFSA in by the given deadline, then he or she may be rejected for loans by the government. A student may be unable to qualify for loans, since all of the money may already by disbursed. It is incredibly important for a student to do whatever it takes to get the FAFSA turned in on time. It is also a good idea for a student to have all of the necessary information he or she needs, before applying for the FAFSA. A student will likely need to know how much money he or she made for the previous year. The FAFSA will take this amount into consideration, when it determines how much scholarship money the student should receive. If a student makes too much money, then he or she may not be able to qualify for subsidized student loans as well. It is truly important for a student to do all of these things.
Applying for a Federal Student Loan ?
Applying for a federal student loan does not have to be difficult. Applying for a federal student loan is a great idea for any student that needs to find a way to pay off a large amount of tuition of debt. If a student wants to apply for a federal student loan, then there are a few steps that he or she can take. First off, he or she should make a profile on the FAFSA website. Making a profile is an effortless experience. It is very easy for a person to make a profile on the FAFSA website. A person should also be sure to have his or her information ready to type into the site. It is a good idea for a person to gather all of his or her necessary information, before filling out a profile and application on the FAFSA website. When a person makes the effort to be organized when applying for student aid, then this effort will truly pay off. It is truly worthwhile for a person to make this effort. It is also a good idea for a person to try to understand his or her credit score and credit report, prior to applying for federal student aid. A person may want to make sure that he or she is in good standing on a credit report. If a person is not in good standing on a credit report, then he or she may not be able to qualify for student loans. A person truly needs to do all that is possible, in order to qualify for student loans. If a person is not able to qualify for student loans, then he or she may have no other way to get an education. It is truly important for a person to do all he or she can to qualify for student loans. Actually filling out the FAFSA is a very easy process too. The entire process can take no less than twenty minutes, especially with the format of the most recent edition of the FAFSA. The most recent edition of the FAFSA makes it incredibly easy for any person to get the student aid he or she needs.
What do you call a person makes loans and oversees savings accounts?
Crooked!
Could I be rejected by the Air Force because of my credit rating?
the Air Force uses the "40 percent rule." Any recruit whose monthly consumer debts (not counting debts which can be deferred, such as student loans) exceeds 40 percent of his/her anticipated military pay is ineligible for enlistment. Having a bad credit rating makes an individual a liability to the military's security.
Where in the Holy Bible does it say 'hope deferred makes the heart sick'?
Proverbs 13:12New King James Version (NKJV)12 Hope deferred makes the heart sick,But when the desire comes, it is a tree of life.
Can a student claim head of household and be a dependent also?
The occupation of the person makes no difference. You can only be a dependent one place.
A nonbank financial intermediary that primarily makes loans to construction companies for building home is the?
Loans to developments
Can you get a student loan if you have filed bankruptcy?
I am trying to figure this out myself as I have recently filed bankruptcy and both my husband and I are students. There is a portion of the bankruptcy code that makes it illegal for government agencies to refuse student loans to those who have filed bankruptcy. So, as far as getting Title IV funding, such as government backed loans, you should still be able to get them. Title IV loans are not granted based on credit worthiness and therefore should be given to those who have filed banlruptcy, as long as there are no other eligibility issues, such as a student loan in default, drug conviction, etc. If you want to get a loan from a private lender, then they are under NO obligation to give you a student loan if you have filed bankruptcy or have other credit problems. For example, the Plus! loans that are available to parents are based on creditworthiness, so a bankruptcy would affect your ability to get this type of loan. As far as my student loan after bankruptcy, I did have to fill out additional paperwork and am still awating the results. I will post again after I find out what happens.
