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Van Horn Law Group Blog

Mortgages and Student Loans: Can You Get One if You Have the Other?

Posted by Chad Van Horn on Oct 14, 2016 7:55:48 AM

There are a lot of myths out there associated with student loans, and what you can and can’t do while you are paying them off. It is true that student loans do affect your credit, what is not true is that they prevent you from building credit, getting loans, or even from getting a mortgage. As with matters of credit, the experience of individuals can vary. Recently, US News and World Report covered new federal guidelines that may be putting more new homebuyers in homes, while they are carrying deferred student debt. These new guidelines are for FHA loans, which are popular for new homebuyers, these are federally issued loans, much like student loans. They allow for low down payments, which is good for people carrying those student loans.

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Topics: Student Loans, Mortgages

 

About Chad Van Horn

Chad_Van_Horn

Chad T. Van Horn, Esq. is a South Florida business leader and founding partner attorney of Van Horn Law Group, P.A. Through a combination of dedicated philanthropy, spirited entrepreneurship and legal expertise, he applies his resources and network to helping people. Learn more about Chad Van Horn.

 

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