Approximately 36% of Millennials Unable to Own Homes Due to Student Loans Debts

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In: New Home Mortgage News

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Americans owe about $1.75 trillion in educational loans, as per information from the Federal Reserve. Recent college grads owe a normal of $38,877 in educational loan obligation, as per an Experian buyer obligation study. 36% of US recent college gradsContinue Reading

Getting A Mortgage With Existing Student Loan Debt is No More a Challenge

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In: New Home Mortgage News

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Last updated on July 4th, 2022 at 08:56 amThe Federal Housing Administration publicized a new approach to calculating student loan debt.  This makes it easier for student loan borrowers to qualify for FHA mortgage loans, and also to qualify forContinue Reading

The Meaning Of Student Loan Cancellation

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In: Realtor News

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Last week, Biden has canceled $6.8 billion of student loans. Since he became the president in January, Biden has brought the total student loan cancellation to more than $9 billion.  What does Biden’s student loan forgiveness mean? 1. Student loanContinue Reading

What Is The Change That Student Loan Forgiveness Brings

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In: Mortgage News

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Millions of Americans having student loans are waiting for President Joe Biden to take action on student loan forgiveness. In his campaign trail, President Biden said as a way to stimulate the economy amid the coronavirus pandemic, he supported cancelingContinue Reading

Biden Administration Have to Take Steps To Protect Student Loan Borrowers

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In: Mortgage News

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Last updated on February 3rd, 2021 at 12:16 pmA temporary freeze on federal student loan payments which was put in place by President Donald Trump is set to expire just a few weeks before taking office by President-elect Joe Biden.  Continue Reading