Do Mortgage companies/loan officers use your school loans as a payment even though they are deferred?
Just curious? We are planning on purchasing a home in the spring, but have school loans (40-50K). Hubby is in grad school. Anyway, It shows on his credit bureau. They are deferred because he is still a student( has a lot more to go), and so we have no payment from them. Does this hurt our chances of getting a loan or would it matter more if we had it as a payment already? They have done a DTI on us and by the looks of it, they could not have possibly added it in. So, I am hoping they dont or shouldnt because its not an open bill right now.
its deferred until he finishes or quits for more than 6 months.