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How Do Student Loans Impact Debt to Income Ratio?

Student Loan Planner

However, another factor that’s just as important is your debt-to-income ratio or DTI. If you’re a student loan borrower, your monthly payment and loan amount might hurt your DTI, making you a less attractive applicant to lenders. appeared first on Student Loan Planner.

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Why DTI Matters — Even for Doctor Mortgage Programs

Student Loan Planner

Your debt-to-income ratio (DTI) is a major part of paying for a mortgage. Even if you’re getting a physician loan, it’s going to matter. However, this can be challenging for medical professionals like doctors and dentists, who usually have a high amount of student loan debt.

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Physician Loan Review of Liberty Federal Credit Union

Student Loan Planner

Key Takeaways: After going through medical school and getting a degree in a healthcare field, there’s a good chance that you might have a high amount of student loan debt, limiting traditional mortgage options due to your debt-to-income ratio and difficulty in saving up for a down payment.

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FHA Student Loan Guidelines: What You Need to Know

Student Loan Planner

If you have student loan debt and want a home loan, your debt-to-income ratio (DTI) will be considered by mortgage lenders. How student loans are treated in a home purchase varies based on the lender and mortgage program.

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SouthState Bank Physician Mortgage Loan Review: Zero Down and No PMI

Student Loan Planner

Key Takeaways: Many medical doctors, dentists and veterinarians have a lot of student loan debt, which can limit traditional mortgage options, due to a high debt-to-income ratio. Additionally, residents might have difficulty saving up for a down payment toward their dream home.

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How to Refinance a Student Loan: Options for International Borrowers

IEFA

Refinancing your international student loans can be a game-changer in managing your student loan debt more efficiently and potentially reducing the amount of interest you pay by thousands of dollars. But, what are the steps to refinance, and what challenges do international students face in this process?

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Cadence Bank Physician Mortgage Loans: A Comprehensive Review

Student Loan Planner

Key Takeaways: Going through medical school takes a lot of time and can result in a high amount of student loan debt. This can make it difficult to get a conventional mortgage, where your debt-to-income ratio and lack of down payment can limit your choices.