Federal Student Loans: Payments are Once Again Due

Interest on federal student loans has been zero since the start of the pandemic, but as of Sept. 1, interest has started accruing again with payments, once again, becoming due. With rates typically between 3% and 7%, student loan payments can result in a significant increase in borrower’s monthly expenses as payments begin in October.Fannie…

Student loans can have an impact on your ability to get a mortgage, but the exact impact depends on various factors including the amount of your student loan debt, your income, your credit score, and the lender’s policies. Here’s how student loans can potentially affect your mortgage application: Debt-to-Income Ratio (DTI): Mortgage lenders look at…