Comments on: Student Loans and Bad Credit http://yourplanstarthere.com/student-loans-and-bad-credit/ make plan for better future Wed, 30 Sep 2009 09:30:22 +0700 http://wordpress.org/?v=2.8.6 hourly 1 By: jaggedy2k http://yourplanstarthere.com/student-loans-and-bad-credit/comment-page-1/#comment-448 jaggedy2k Wed, 30 Sep 2009 09:30:22 +0000 http://yourplanstarthere.com/student-loans-and-bad-credit/#comment-448 Your sister and her husband need to talk with a mortgage broker. If they can not get pre-approved the loan officer will let them know what they need to do to get on track. Your sister and her husband need to talk with a mortgage broker. If they can not get pre-approved the loan officer will let them know what they need to do to get on track.

]]> By: Jammy_c http://yourplanstarthere.com/student-loans-and-bad-credit/comment-page-1/#comment-449 Jammy_c Wed, 30 Sep 2009 09:30:22 +0000 http://yourplanstarthere.com/student-loans-and-bad-credit/#comment-449 student loans shouldn't actually count towards outstanding debt and therefore not come in the way of mortgage borrowing. however, it's the other debts that go along with being a student that are the problem, credit cards, overdrafts, loans and phone bills etc... these will count against her. get them to go and speak to a mortgage adviser for free at a bank / estate agents. hope that helps. student loans shouldn’t actually count towards outstanding debt and therefore not come in the way of mortgage borrowing. however, it’s the other debts that go along with being a student that are the problem, credit cards, overdrafts, loans and phone bills etc… these will count against her.

get them to go and speak to a mortgage adviser for free at a bank / estate agents.

hope that helps.

]]> By: mycathouse http://yourplanstarthere.com/student-loans-and-bad-credit/comment-page-1/#comment-450 mycathouse Wed, 30 Sep 2009 09:30:22 +0000 http://yourplanstarthere.com/student-loans-and-bad-credit/#comment-450 You never know until you try! If she has no outstanding "bad" loans and she's been paying off her student loans in a timely fashion, she might not have as much trouble as one would think. She should check out a couple lending institutions and try to get pre-approved for a certain amount of loan before starting to look at houses... that's the only way she'll know for sure. You never know until you try! If she has no outstanding "bad" loans and she’s been paying off her student loans in a timely fashion, she might not have as much trouble as one would think. She should check out a couple lending institutions and try to get pre-approved for a certain amount of loan before starting to look at houses… that’s the only way she’ll know for sure.

]]> By: lepr0kan http://yourplanstarthere.com/student-loans-and-bad-credit/comment-page-1/#comment-451 lepr0kan Wed, 30 Sep 2009 09:30:22 +0000 http://yourplanstarthere.com/student-loans-and-bad-credit/#comment-451 Depends what "not so good means." If they both have over a 580 and a decent recent credit history they may be able to get a FHA loan. It also depends on income and amount of debt. They need a total debt ratio under 41% for FHA. This means all liabilties on the credit reports plus the new mortgage, insurance and taxes per month can be no more than 41% of their gross income. If both the debt ratio is low enough and credit is at least a 580 they have a shot. Depends what "not so good means." If they both have over a 580 and a decent recent credit history they may be able to get a FHA loan. It also depends on income and amount of debt. They need a total debt ratio under 41% for FHA. This means all liabilties on the credit reports plus the new mortgage, insurance and taxes per month can be no more than 41% of their gross income. If both the debt ratio is low enough and credit is at least a 580 they have a shot.

]]> By: bud68 http://yourplanstarthere.com/student-loans-and-bad-credit/comment-page-1/#comment-452 bud68 Wed, 30 Sep 2009 09:30:22 +0000 http://yourplanstarthere.com/student-loans-and-bad-credit/#comment-452 She needs to see a lender to get a prequalification assessment. She needs to see a lender to get a prequalification assessment.

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