My son has a private student loan on which I cosigned and I pay. If I prove I make the payments does it have to be counted in his debt to income ratio for the mortgage?

pattersonjenn65 · Joined: 18 Mar 2010 Posts: 1 1.30 Dollars($)

My son has a private student loan on which I cosigned and I pay. If I prove I make the payments does it have to be counted in his debt to income ratio for the mortgage?...I have made all the payments on this loan .

Posted: Thu Mar 18, 2010 10:24 am Post subject:

as long as you can provide proof like canceled checks the debt should not be included in his dti.

Niicss · Posted: Fri Mar 19, 2010 3:20 am Post subject:

I have given my suggestions to a similar query at:
http://www.mortgagefit.com/predeal/about36296.html#155946

Take a look at it. Hope it helps you.

gmakerley · Posted: Fri Mar 19, 2010 1:46 pm Post subject:

i agree, jenn...as long as you've got 12 months' proof, lenders (for the most part) will ignore that debt when calculating your son's ratios.

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