Applying for mortgage question about Student Loan

[Anonymous]

Here's my situation. I'm in the military and currently serving in South West Asia been here 1 month 11 to go. Upon returning I have to move from New Mexico to Missouri. Trying to do anything I can to raise my FICO score before I have to apply for a mortgage. CR shows these negatives 1 CC 60 days late 12/04 8/04, 1 shows 3 30 days late 04/08, 9/06, 6/06. I have a Spa loan CL is 6790, HB 7650, RB 6140 RB below CL nothing I can do about HB being over CL promotional deferred interest will this hurt? before deploying I was paying off debt at $1000 a month now paying off $2000. CC card will all be paid in 2 months plan on leaving 10% on 2 cards.  I have a consolidation loan that will also be paid off before I apply for mortgage. That leaves 2 auto loans and the Spa loan.

Here's the real question, I co-signed for my son's student loan CL 9000 recent balance 11000 entry on CR says open never late deferred interest until nov 2011. Should I pay this down below CL or attack the spa payment. I would like to eventually help or pay this off for my son however I would like to be Debt free first other that one auto and one mortgage before helping him. If it makes financial since/raises FICO score enough I would do that first.

Any help would be greatly appreciated.

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[A1Credit]

Hi, I recently went through the same thing so I understand your concern.  As long as I was able to show that the loans were deferred for 12 months from the closing date then they were not counted in my DTI.  Most loan companies give you a six month grace period once you graduate.  So count six months from your son's expected graduation date and that will give you the time frame.  I only had to contact the loan lender and have them give me letter stating my estimated repayment date and amount.