First time home buyers! Just when you thought you could defer your student loan to buy a home, you had better think again. FHA rules have changed so that 2% of the student debt balance be included in the monthly debt-to-income ratio to calculate your ability to pay your monthly mortgage payment. Read more to find out the details on how this could affect you and what you can expect when you apply for a home loan.
DREAMING OF BUYING A HOME? WHAT YOU NEED TO KNOW BEFORE YOU
"Mike is top flight! If you are buying or selling you won't find anyone who is any better. Mike has the "whatever it takes" mentality. He will make the extra effort and take the time to see to it that you are satisfied. We just purchased a home in Plant City, closed in just over 2 weeks! He set us up with the right people to get things done. I will be using Mike again in the future to sell my dads house in Tampa (Palma Ceia)."