Jackie asked:


Hi. I am in the process of buying a home. The seller is calling me and my mortgage broker 2-3 times a day asking for a closing date. My broker just told me that the only final condition is the payment history on my student loans. I just got out of school and consolidated my loans and put them in deferrment. They are including the payment in my monthly debt even though my 1st payment on the student loans isn’t until Dec. 06. Therefore, there is no payment history. My broker said Underwriting was using that as my payment history as I don’t have any other credit card debt. My car was paid off 1 1/2 yrs ago. Will this make my loan fall apart? Is there anything I can do to speed up the loan so the seller will back off? The house is a REALLY good deal! Help. Experienced answerers only. Thanks!

Rodney

VENUS D asked:


Ok I just found out that I might have to get a loan for my school which I don’t want to do for the rest of my school year which I want to get me a home. Now I spoke to realtor which told me to get my house first then once I get in I can get all the student loans I want. But then i talk to my student advisor and he mention that I am getting a student for my education which is a good point. But what I want to know is if I get a student loan would it hurt me my chance to get a mortgage loan in the long run.

Lewis