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Do I Pay Off My Loans or Wait for Forgiveness from Sanders or Warren?

Michael Lux Blog, Strategy 0 Comments

Editor’s Note: This article has been updated on January 16, 2020, to reflect Senator Warren’s plan to forgive student debt without Congressional approval. Now that Bernie Sanders and Elizabeth Warren have both proposed massive student loan forgiveness, it introduces a complicated situation for borrowers. Traditionally, paying off student loans aggressively …

consequences of student debt on mortgage applications

Advanced Mortgage Strategy for Student Loan Borrowers

Michael Lux Blog, Strategy 0 Comments

Student loans can affect a mortgage applicant’s debt-to-income ratio and credit score Student loan refinancing and other strategies can minimize the damage from student loans. Mortgage underwriters have historically been hard on income-driven borrowers, but things are getting better. Student loan co-signers can also have problems caused by student loans …