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Originally Posted by Tillys_mom  My husband and I have been looking at homes in all of our various areas we may be moving. We wanted to get qualified for a home loan and we found a home we really liked. They told us our credit is great and they were impressed at how prompt it showed on our bill payment history. My husband is also going to make a lot of money. They always tell us they can almost guarantee we will be approved by our credit then once they see how much student loans my husband has they are floored. We do have a lot, roughly $75,000 but my husband went to one of the top private engineering schools in the country! Ugh! No wonder nobody can sell their house. They wont even lend money to us!  It's ridiculous! I've been very cautious with our money and everything just to insure we would have no problems such as this in our future. I know people have more than this in student loans. If anything I have gained out of this my husband and I are going to start a college fund for my son. I don't ever want to put him through this. |
Even if you have that bill then wait until he is actually earning that salary and then do the prequal on the mortgage amount. Right now your debt to income ratio is very uneven. Also the bigger of a down you have the better you look to them.
The housing industry is doing badly as a side effect of all these banks robbing people and the brokers falsifying papers. If the banks weren't so greedy with their interest and did that push to sell people on interest only mortgages things wouldn't be so bad.