Posts

Student Loan Cash-Out Refinances

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 all new mortgages. Yet, while millennials make up a sizeable portion of the housing market, over 45% of millennials have student loan debt. For homeowners […]Read More

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

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 the audacity to say? He acknowledged that the economy is strengthening and that there is an uptick in inflation. In addition, a statement by the […]Read More

Will Student Loans Impact a Pre-Approval in Dallas?

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. Buyers Are Afraid Of Their Debt With all these outstanding […]Read More

California Buyers Worry Student Loans Prevent Pre-Approval

  The national student loan debt has now surpassed $1.5 trillion and comprises 42 percent of all consumer debt. Millennials in California have some most of the student loans, which has increased 130 percent since 2008. California Buyers Are Afraid Of Their Student Loans With all these outstanding balances, it’s no wonder that California buyers […]Read More

Big Changes In FHA! Or Not…

FHA made a large number of changes in underwriting guidelines recently and Realtors are asking how this will affect buyers. For about 99% of our FHA buyers, the changes will have no effect. Some of the changes include: • Deferred loan student loan payments must now be counted in ratios. • For newly rented properties […]Read More