Many college grads find themselves hoping to buy a home, but wonder- is it even possible while still burdened with student loan debt? The idea of taking on a mortgage on top of monthly bills can seem impossible, but it actually is quite possible. Keep reading to find out more on how to qualify for a mortgage with student loan debt and click this link to read the full article.
And yes, we know it looks quite bad. In fact, 41% of college-educated Americans with student loans report having postponed buying a home because of their debt, according to a recent survey by Student Loan Hero, a service that helps people pay off their student debt more efficiently. Making matters worse, student debt surged 56% from 2004 to 2014, to an average of $28,950 per borrower, reports the Institute for College Access & Success.