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Hi,
I tried searching for this answer but only saw one mention of it so wasn't sure. My student loans (parent plus for my 2 college aged kids) are in the graduated repayment plan and I read once that USDA will calculate them for your DTI using the highest payment that you will eventually be making. This will kill my DTI as it is a $179.00 difference. If I go ahead and change to the standard repayment it will only raise it $50 so I think I should do that. Should I wait until they tell me to do it or go ahead before applying? Would it be a hard inquiry on my credit or be considered a new account if I only change the repayment method? They were consolidated a couple of years ago through Fed Loan Servicing.
Thanks for any help!
Oh good, if they only look one year out I should be fine the way they are.
Thanks for the info!