Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.

Underwriter calculate monthly payment

Posted on: 15th Feb, 2012 02:25 am
I have a private student loan which I’m repaying but I would like to purchase a home now. The loan does not say what the monthly payment is on the credit report. It just shows the full balance. I can't get any documents from the lender to give to underwriter to show payment. Can the underwriter calculate the monthly payments as 2% of the loan balance as it is charged to me?
When you pay your student loan payments, I'm sure that the lender provides you with a payment statement. That statement will be your proof of payment of the student loans to the underwriter.
Posted on: 15th Feb, 2012 02:50 am
These non-standard sources of income typically require additional evidence to support the amount of the payment and proof of regular issuance.
Posted on: 15th Feb, 2012 10:55 pm
Page loaded in 0.061 seconds.