No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Starting Scores:10/09/13 EX ???; EQ 661; TU 668 Current Scores: 11/23/13 EX 655; EQ 679; TU 705 Goal Scores:700+ for all Take the myFICO Fitness Challenge |
@Anonymous wrote:my student loan is defferred and we are in the middle of refinancng and ever lender we have spoken with considers it into DTI because generally your getting a 15y, 30yr loan and during that time your going to have to start paying on the student loan.
Starting Scores:10/09/13 EX ???; EQ 661; TU 668 Current Scores: 11/23/13 EX 655; EQ 679; TU 705 Goal Scores:700+ for all Take the myFICO Fitness Challenge |
@Anonymous wrote:We will be going with VA...You would think they would take into consideration that when the deferment period is up, your income should increase... but I guess they would need solid evidence of that....
Starting Scores:10/09/13 EX ???; EQ 661; TU 668 Current Scores: 11/23/13 EX 655; EQ 679; TU 705 Goal Scores:700+ for all Take the myFICO Fitness Challenge |
There are alot of incorrect answers posted in this forum. The residual income requirement is of bigger concern than DTI.
The following items may be excluded from the ratio:
Please feel free to message me with any VA loan quesitons.
[Please do not post your e-mail address. Thanks! -- Raine]
Just as bhumrick posted, for VA loans if the deferred student loan payment begins within 12 months of closing it's included in the DTI - if it doesn't begin within 12 months of closing then it's not.
Conventional is different, student loan payments are always included.