Will student loans affect my mortgage applicaton?
Linda R. from Ohio asked: I have $80,000 in several student loans, but since I consolidated all my student loans, the monthly payment is approximately $400. Other than this student loan, I’m debt free. Do mortgage lenders view student loan debt differently than other types of loans? Also, what other factors will they look at when determining my qualifications for a home loan?
Can I consolidate my student loans if they’ve been taken over by a creditor?
Robert J asks: I have two student loans for about 3000 dollars each. I have been unemployed for several years taking care of my kid and haven’t make any payments on the loans. Now a creditor has taken my student loans over. I now owe 9,000 thanks to fees, penalties and interest. Is there any student loan companies that will take them over and I can make payments to them at a low interest rate? Now that I’m working, I’d like to start making payments on my student loans.
What Loan company will take over my federal student loans when the loans are in default?
Lem C asks:
What Loan company will take over my federal student loans when the loans are in default? My loans are government loans from Saillie Mae. I owe them under $5000. I heard about this company that will take over your school loans from them but I don’t know the name of the company. I am at the point where I can’t get a federal student loan until I pay this off. I really need some student loan advice!
Can student loans be written off in a bankruptcy?
Mathew S asks: I am filing for bankruptcy and have several student loans. Can student loans be written off in a bankruptcy? Or do I still have to repay my student loans? Help! I need some student loan advice quickly!
Student Loan Guru: Under most circumstances Federal student loans cannot be discharged in bankruptcy. Isn’t it convienent the way the U.S. Government set this up? Many times, student loans are the reason many young people get into financial trouble.
Pro’s and Con’s of Private Student Loan Consolidation
Private student loans are being granted by banks and non-profit financial institutions. This type of student loan can build a bridge to finance additional expenses in terms of education. As a matter of fact, private student loans have a more rapid growth compared to Federal student loans.
keep looking »Sponsors
Tags
bad credit student loans Banks college college loans dave ramsey economy Federal Grants Federal Loans federal student loans financial aid harvard Interest Rate money Private Loans private student loan private student loans repaying student loans scholarships student loan student loan advice student loan consolidation student loan debt student loan repayment Student Loans yale