Posts Tagged ‘Mortgage’

Student Debt how does it effect your home buying power- August 2015 Changes

Friday, July 31st, 2015

Debt-to-income ratio calculation What are the changes for Student debt and mortgages ? Effective for loans closing on or after August 1, 2015, the minimum monthly payment amount that must be included in the debt-to-income ratio (“DTI”) calculation for deferred student loans will decrease from 2% to 1% of the outstanding balance. What does this […]