Nate and Molly run into troubles qualifying for a mortgage with IBR student loans.

Nate and Molly run into troubles qualifying for a mortgage with IBR student loans Pre-Approval VS Pre-Qualification For Mortgage (Home Buying Tips)

Nate and Molly run into troubles qualifying for a mortgage with IBR student loans. video duration 2 Minute(s) 22 Second(s), published by Find My Way Home on 09 09 2018 - 22:42:37.

Nate: Hey, everybody
This is Molly
Molly: Hello, and this is Nate
Nate: We just recently moved from Georgia to Kentucky
We're relocating because of our work Child or Spousal Support will affect your overall income at which we would qualify to determine your mortgage amount
https://ianclarkmortgages.ca.

For more information on Texas FHA loans, please contact our FHA Home Loan Specialist at 346-970-7883 or visit our website @ www.texasfha.org My YouTube channel features real estate humor, home and community tours plus a look at my daily life! My website for easy online application for mortgage Thinking about buying a home? There is a big difference between a mortgage Pre-Approval and a Pre-Qualification
You need to know the difference in order to .

Nate: Hey, everybody. This is Molly.
Molly: Hello, and this is Nate.
Nate: We just recently moved from Georgia to Kentucky. We're relocating because of our work. We're professors and we're moving from one college to another. We actually have a lot of student loans because we went to school for a really long time.
Molly: Yeah, we both have masters degrees so you accumulate a lot of loans.
Nate: As we were looking for approval for our home loan, our debt to income ratio was pretty high because of the student loans, but our actual payment wasn't because we're on a good program. You maybe have heard of it if you're on a similar situation as the IBR, the Income Based Repayment. Our loan is actually . Our payments quite affordable but the big banks didn't seem to see it that way.
Molly: You went to Chase first, right?
Nate: That's where I went first. They said no. We went a couple of other places too, but I googled IBR, Repayment Home Loan and found the Find My Way Home Network, the Findmyhome.com. I read to that site. I started a little hope from reading those things. Then, I submitted for a referral and our loan guy, Steven, called me up really quickly, and was amazing. I had a really good feeling about him right away. I talked to Molly about it.
Molly: I remember you came in the living room. You were really excited. You talked to some loan guy and had a really good, long talk. I was surprised.
Nate: Yeah, he was great. He also made it happen. It literally did not look good for us but once we found Steven, he made everything work, and we're in our new home now.
Molly: I kept calling him the miracle worker with my emails because I didn't know how it was happening, but every few days, we'd get another email back that something new had gone through and was moving on to the next step. He was very professional, always kept us in the loop and gave us tons of information about what was going on, exactly what we need to do. It was much easier than we thought.
Nate: It was great. It worked and nothing else did. Thanks.
Molly: Thank you.