Tag Archives: Business

Don’t Let Student Debt Stop You from Buying a Home, Maximize Your Purchasing Power – Boston Mortgage

Deferred installment debts such as student loans must be included as part of the borrower’s recurring monthly debt obligations. If the borrower’s current report does not indicate the monthly amount that will be payable at the end of the deferment period, the lender must obtain copies of the borrower’s payment letters or forbearance agreements so that a monthly payment can be determined and used in the borrower’s total monthly obligations.… more