Have student loans and hoping to purchase a home? Good news! FannieMae just lowered the requirements for approval. If someone else is paying your monthly payment, under the new guidelines it will not count toward your monthly debt to income ratio. Now income-based repayment options have the actual monthly payment counted toward debts- not a percentage of the loan amount (usually much higher!). Finally, a cash-out refinance option has been approved. Borrowers with high interest student loans can actually roll the balance of those loans into the home purchase, securing you a much lower rate.
Want to find out if this could help you to purchase a home? Contact Me today to get started.
Dunkirk MD Homes for Sale - Genna Fleming, REALTOR® at EXIT 1 STOP REALTY
You now have free access to my Real Estate Search Engine! I am your local real estate expert with the knowledge and experience to deliver the unsurpassed service you deserve. Local Specialties: Upper Marlboro, Lanham, Lothian, Edgewater, Annapolis, & Dunkirk. Call Genna Fleming at (443) 532-8917 or follow my real estate adventures on Instagram @realestateaskgenna