Does having student loans impact your ability to get a mortgage?

like
Posting as :
works at
You are currently posting as works at

Yes but not nearly as much as prior(Biden made some sort of legislation change). I can’t recall the percentage- but based on your minimum payment- that is factored into your debt to income ratio. Let’s say you have 30000 loan - before they would assume like 400 a month (now they will factor only 200 a month) which frees up extra money to get a larger loan or help potentially qualify for a loan)

like

This was a major hurdle to first time home buyers.. and why you saw so many new purchases these past couple of years

like

Related Posts

Any tax saving ninja technique??

like

Looking to move out in about 1-1.5 years.. any thoughts on where to park a large sum of cash for the time being? I feel like just having it sit in regular savings is a waste, but putting it anywhere even if it’s not known for being risky still rubs me the wrong way! 1st time home buyer, thanks!l!

like

Brand new to investing! Husband and I are 37, don’t have any investments other than the home we currently own. Sitting on atleast 100g worth of cash....

like

37 / 13 years / 215K / PDX

like

I’m an authorized user on my parent’s Citi AA Executive card to get the AA lounge access. However, they consistently go over 30% of credit usage / sometimes over credit limit (cont.)

I am sick of being a realtor! I've been trying for 5 years and have only sold 3 houses. Where I'm from (small Southern town) nobody is buying. Most people's families already own homes and it's just a bummer to see all these nice houses deteriorating over time.

like

Do you think student loans will be wiped out by 10k in the next 2 years

like

I have about 50k saved up and was wondering if I should invest in real estate. I’ve noticed that the housing market is dipping in my area - advice?

like

Hello Fishes,

I have joined hcl on 24 th sep 2021 and my last working day here is 18th May 2022.
Today I received my provisional full and final settlement and the payable amount is negative -11454. They are recovering the full AMPB amount which I got from September months.
I have heard from this platform only that hcl stopped the recovery police but still I got the negative fnf.

like

So if I were to rent a car from Trips, can my wife (not in Deloitte) drive that car as well? Is she also covered in the insurance? Does anyone know?

Hi ,
I have got sodexo card activated today. I found there is Meal Pass card, Meal benefit pass card and Cafeteria card

Which one we get money loaded ? Will that only usable in Bofa cafeteria!

like

Any recommendations for best balance transfer card? Like zero APR for 15-18 months and no fee? Also nice to have points or cash bonus

like

How would you allocate $200K today, knowing (1) this is in addition to your HYSA, investment, 401K.. (2) you have no immediate use (3) if we see a drop in real estate price in the next 1-2 yr timeframe, this could be part of your down payment for a house in HCOL

like

What are some of the things to keep in mind when leasing a new car? What are some add-on that can be negotiated on?

like

Do any real estate lawyers out there know of/can direct me to a ROFO agreement to purchase commercial property? I’m working on one now (but using a ROFO to purchase equity interests as a basis) and would like to see what other people are doing. Finding a good one has been hard, as this kind of thing isn’t always required to be filed with the sec and every search I’ve done basically pulls up garbage. Also, are there any provisions you’d consider absolutely crucial from the owner’s side?

like

I be wanting to go off but then I check my bank app, calm down, and keep working.

likefunny

How can I lower my taxes? I feel like I pay a LOT (30%+) but don’t get many benefits in return.
Single with no kids

like

I saved up by living at home and it has been sitting in my HYSA (~100k). that’s what my parents advised me to do, but reading about everyone here is making me reconsider - what do you all recommend?

like

Any advice for someone just starting their career on how/where to start investing other than typical 401k/stocks?

like

Didn’t invest in LTC early on, it went down to 260 today - worth pulling the plug on it?

More Posts

from logistic perspective..how are you guys transferring/moving your money from your US bank account? wire transfer? write yourself a check? idk about check, but cashing in $50k might raise a flag.

like

“As some of you may know, today is my last day”

Post Photo
funnylike

I just found out my new coworker has ADHD. While that doesn’t bother me, I have never worked with someone with ADHD. Anyone have any suggestions for me?

Any one from atlassain, need referal in Salesforce domain.

like

Oh man, another ATH, it really just keeps going it’s so crazy to witness

like

Do the BB's ask for SAR reports for lateral moves ?

like

How long it'll take to get promoted from P3 to P4 for a leteral entry in LTI?
How much hike is expected for the same?

like

Current CTC: 19
Exp: 7.1
Stack : Fullstack with angular and java
What salary I can expect from VMware any suggestions?

like

Question about my side hustle - I'm an Instagram wellness blogger just getting started and at about 2K followers. Don't want to have all my eggs in one basket and looking into expanding to another platform. Weighing the following options : basic website, newsletter, podcast (podcast would complement or replace IG Live interviews that I currently do).

Any advice on the best next step?

like

Do all firms share utilization reports for all staff with everyone? I feel like it’s awful for our company culture to share everyone’s stats office-wide. Just breeds anger and bad vibes all around.

likehelpful
like

Are there any recruiters from Putnam Associates here?

like
like

Kpi reply krta b h is group me
Techm need NPS account from kotak only
How to open a new one.

Tis the season...
Anyone else have a love/hate relationship with NOAA?

Post Photo
like

Best accounting humor instagram accounts to follow?

likehelpful

🚀How much salary range for VP - K grade in bnym ( Bank of New York Mellon) technology department? Skills - Java microservices Expr - 13+ yr

@bny Mellon technology

like

Any EY referrals for SaT M&A Consulting Intern? Don't know if referrals apply to interns but I recently denied an audit offer from EY and looking to increase my chances for M&A.

likefunny

Additional Posts in Student Loans

What do you think are the chances this thing actually goes through? As of today they're still blocking it. It's paused which is fine, but if they don't actually forgive them after February I'll be pissed.

like

Damn LIBOR rate up again...

Not mad that student loans being paused means I can use the money for Christmas. Are you still making payments during the pause? Or are you saving the money for something else. My christmas present to myself is a spa day!

like

Curious to know how much your student loans were when you graduated from your program, how much you’ve paid off so far, and your age. If you have any varying factors too, like kids, income range, etc. Just trying to see if I’m on track or slacking in life. I am 34 yo, i graduated with 95k in student loans, i currently have 85k left and i make 85k in come. I’m also a single mom with two kids. Just praying for 100% student loans forgiveness. Wishful thinking???

like

In a perfect world how much would you want to make a year to both pay off your loans and live a good life? I think I'd need to make upwards of $200k to pay off my loans, take care of my family and live a fulfilling life.

like

Has anyone refinanced their student loans on h1b visa? Is common bond the only option?

Can grad students get $20k forgiven if they got Pell in undergrad but outstaning loans are only for grad school?

like

LCSW 50k loan repayment- Has anyone been granted a contract through the National Health Service Corps Loan Repayment Program? I’m interested in applying for the 2 years of full time work as an LCSW but my loans are a bit under 50k so I’m wondering if they would only give me what I need to clear my loans or would I still get 50k as long as I complete my contract ?

Are you doing what you thought you would be when you took out your student loans? If so, do you feel like taking out your loans was worth it?

likefunny

If you didn't have to pay off any more of your student loans what would you use the money for instead? I'm stuck between something impractical like a trip somewhere or something I need like a new car lol

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal