Video Transcript:
Did you know that your zero-dollar student loan payment, while great for your monthly budget, could be the one thing preventing you from buying your dream home? Hi, I'm David Ghazaryan, a mortgage advisor. I’ve seen this issue countless times and use one specific, powerful rule to ensure it doesn't derail your plans. Here's the problem: without the right proof, lenders must calculate a hypothetical payment, usually 0.5% of your total loan balance, which can be a huge number. The solution is providing the correct income-driven repayment plan documentation. With this, I make that huge calculated payment officially count as zero for your mortgage qualification. This simple documentation change makes an enormous difference in your debt-to-income ratio, which directly impacts how much of a home loan you can actually qualify for. I've helped so many people with this exact situation. For a deeper dive into the process, check out my article and other platforms linked in the description.
Read Blog Here: https://www.iqratemortgages.com/blog/get-a-mortgage-in-texas-with-student-loan-forgiveness
