Posted on: 10th Dec, 2013 01:00 am
My federal student loans are in deferment? Will it be considered as a bad debt? How will it affect my chances of getting approved for a FHA loan?
Hi Guest,
Student loans are always a good debt. No lender will consider it as bad debt. However, the loan will be taken into consideration while calculating your debt to income ratio.
Take care
Student loans are always a good debt. No lender will consider it as bad debt. However, the loan will be taken into consideration while calculating your debt to income ratio.
Take care
How long are your student loans guaranteed to be in deferment. Within a certain period of time, those debts will not count against you.