If you graduated college loaded with student loans, you aren’t alone. The average graduate has around $37,000 in debt and this only accounts for graduates with a bachelor’s degree. Those that go on even further can have hundreds of thousands of dollars in student debt.Looking for Current Read more
Millennials Move Back Home to Save for Student Debt
Parents, there will be no empty nests for you. Young Money Survey of TD Ameritrade showed that 26% of the Millennial Generation who are in college are planning to go back home after their education.The surveyalso shows that young Americans look at a college degree as a good investment. New Read more
Obtaining a Mortgage with Deferred Student Debt
A good debt ratio is the key to qualifying for a mortgage. Every monthly debt you have increases this ratio. You might not know that even loans that are not currently due affect your debt ratio as well. This includes deferred student debt. Even if you have several years before your loans are due and Read more
Now, You Can Refinance Your Mortgage to Pay Off Student Debt
A recent refinance program between Fannie Mae and a private lender gives homeowners relief from their student debt burden.Under a cash-out refinance student loan payoff program, homeowners will be able to refinance their existing mortgages to avail of lower rates and pay down their existing Read more
