by Sean Hess (Sean@StAugTeam.com), Broker and Manager for St. Augustine Team Realty (www.StAugustineTeamRealty.com). Join us on Facebook and Google+.
I’m a first time buyer. Will my student loans hurt my chances for a loan?
If by “hurt your chances” you mean “count against your borrowing power,” then yes it will hurt you.
Your student loans will be factored in to your debt-to-income ratio, which will determine how much a bank will lend you.
Hire St. Augustine Team Realty when you go to buy or sell. Email ReQuestion@StAugTeam.com or call Broker Sean Hess at (904) 386-8327.
Student loan debt factored into his new home purchase: the real reason Bluto drank. Photo Universal Pictures.