Not exact matches
The
problem is your student
loans will continue to accrue interest, which could cost you thousands of dollars a year,
depending on your student
loan debt.
Although FHA must balance its policies to minimize risk while achieving its missions, accurately evaluating borrowers» ability to pay a mortgage
loan should continue to
depend on verification of employment, assets, and allowing applicants to explain gaps in employment, or reasons for previous credit
problems.
What you don't want to do is set up a situation where you are creating unnecessary
problems down the road and that will very much
depend on your individual relationship and how seriously you take the
loan.
Depending on the bank and the requirements of the insurance company you are dealing with, unauthorised suites may present a
problem and actually make it difficult for you to get approved for the mortgage because your lender may refuse to take into account money generated by the suite, thereby making you less qualified for the
loan you desire.