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
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