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When evaluating someone for a mortgage do they factor in future debt obligations such as student loans in a grace period?
Yes, a mortgage lender will look at your student loan, even if it is in a grace period. When the lender pulls up a credit report on you, your student loans will be listed there, even if you haven't begun repayment yet. The lender will estimate what your monthly payment will be for your student loans and factor that in the calculation with your other debts when deciding how much house you can afford.
What else can I help you with?
If cosigners for student loan miss a mortgage payment will this affect student loan?
As long as loan stays current, credit & other obligations irrelevant.
When applying for a mortgage, what types of debt are taken into consideration?
When applying for a mortgage, lenders typically consider various types of debt such as credit card debt, student loans, car loans, and any other outstanding loans or financial obligations that could affect your ability to make mortgage payments.
How does having a student loan affect the ability to secure a mortgage in the UK?
Having a student loan can affect the ability to secure a mortgage in the UK because lenders consider the amount of debt you have when assessing your affordability for a mortgage. A large student loan debt may reduce the amount you can borrow for a mortgage, as it affects your overall financial situation and ability to make repayments.
Which of the following that’s because possibly be forgiven under Chapter 7 bankruptcyalimony, a mortgage, a student loan, child support?
A mortgage(Apex)
If a person defaults on mortgage payments will this affect the cosigners on their student loan?
yes
Can Federal tax return be garnished for student loan?
yes - it can be garnished for any federal obligations
What actors and actresses appeared in Your Mortgage Exposed - 2008?
The cast of Your Mortgage Exposed - 2008 includes: Jessica Bailey as Female student Robert Chickey as Mortgage Broker David Donnelly as Instructor Arica Driskill as Notary Jayne Entwistle as Real Estate Agent Max Velez as Male student
How does having a student loan affect your ability to qualify for a mortgage?
Having a student loan can affect your ability to qualify for a mortgage by increasing your debt-to-income ratio, which may make it harder to meet the lender's requirements for loan approval. This can impact your overall financial picture and potentially limit the amount you can borrow for a mortgage.
What are some examples of Fixed Expenses?
Mortgage, Automobile loan, student load, insurance
What has the author J Stanley Ahmann written?
J. Stanley Ahmann has written: 'Evaluating student progress' -- subject(s): Grading and marking (Students) 'Testing student achievements and aptitudes' -- subject(s): Achievement tests 'Evaluating elementary school pupils' -- subject(s): Educational tests and measurements 'Measuring and evaluating educational achievement' -- subject(s): Grading and marking (Students)
What is a tradline?
any credit line that you have- credit card, car loan, mortgage and student loan
Is grading on a curve a good practice for evaluating student performance?
Grading on a curve can be a useful tool for evaluating student performance in some situations, as it allows for a comparison of students' performance relative to their peers. However, it also has limitations and may not always accurately reflect individual achievement or mastery of the material. It is important for educators to consider the context and purpose of using a curve when assessing student performance.
