Tag Archive for: student loans

Will The Student Loan Crisis Impact Housing and Mortgages? Count On It; Oil Prices Plummet

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A friend of mine used to be the CEO of a commercial bank, and he tells stories about having to fire loan officers who made too many bad loans that did not get paid back. That is how all banks operate, as bad loans mean large losses for the bank.Read More

Can I Refinance My Student Loans? A Comprehensive Guide

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In the journey to financial freedom, student loan debt can often feel like a heavy burden. Whether you're struggling with high monthly payments or simply seeking a more manageable repayment plan, refinancing your student loans may be a viable solution. However, there are several factors to consider before deciding to move forward with a refinance. In this guide, we explore the potential benefits and drawbacks of refinancing your student loans.Read More

When Will Student Loan Payments Resume?

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If you're one of the millions of borrowers who have been benefiting from the student loan pause on federal student loans since March 2020, you're likely curious about when this financial breather will come to an end. The big question on everyone's mind is: When will student loan payments resume? Let's dive into the latest student loan news to find out.Read More

The Dangerous Cost of Low-Ball Offers! Student Loans Are Due Again!

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While mortgage rates are generally holding, 10 Year Treasury yields fell for the third day in a row. I mention this at the top of the blog because this is something we have not seen since May; the reasons include a somewhat benign inflation report and weaker-than-expected employment and manufacturing data.Read More

Student Loan Moratorium Over = Serious Threat to Economy; What Borrowers With Student Loans Can Do

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It turns out that most of the retail economy has been running on student loan debt relief.  Who knew? Unfortunately, that relief is about to end with the payment moratorium ending at the end of the summer and the Supreme Court telling Mr. Biden he can no longer eliminate student loan debt overall with the stroke of a penRead More

Student Loan Cash-Out Refinances

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Millennials are one of the largest demographics and have taken the housing market by storm. Millennials accounted for 38 percent of home purchases in 2020 and more than half of […]Read More

Fed Speaks – Rates Up; Paying Off Student Loans With Mortgage; Interest-Only Loans

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Fed Chair Powell spoke yesterday and sent the bond market into a tizzy, as investors sold off their bonds and pushed rates sharply higher. What crazy thing did Powell have […]Read More

Will Student Loans Impact a Pre-Approval in Dallas?

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The national student loan debt has now surpassed $1.6 trillion and comprises 42% of all consumer debt. Millennials have most of the student debt, which has increased by 130% since 2008. Graduates in Dallas, Texas on average finish school with $24,000 in student loan debt.Read More

California Buyers Worry Student Loans Prevent Pre-Approval

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Millennials in California have some most of the student loans, which has increased 130 percent since 2008. With all these outstanding balances, it’s no wonder that California buyers are afraid that their student loans will prevent them from qualifying for a mortgage payment. Nearly 57% of all millennials (people born between 1981 and 1996) have student debts that they are still making payments on.Read More

Big Changes In FHA! Or Not…

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FHA’s latest guideline updates may sound significant, but most homebuyers will see little to no impact. Learn what’s actually changed and who it affects.Read More