Student Loan Debt & Home Financing

October 31, 2020

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As a Mortgage Loan Officer I get a lot of clients who come to me after being pre-approved with one bank and find out that some debt calculations weren’t properly taken into consideration. Mainly, student loan debt.

Student Loans are a serious problem in the US and when applying for financing it can hinder your approval for a mortgage. It’s important that borrowers understand how Underwriting looks at such debt to qualify a mortgage.

This video is met to highlight how these loans may affect your mortgage pre-approval. If you have any questions regarding your qualifications in relations to student loans or questions about mortgages in general, please feel free to contact me directly.

Marnel Garcon
(631) 949-3623
MGarcon@MFMBankers.com

Looking forward to working with you.

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