My student loans are Income driven. I have to recertify ever year. Well I sent in my information and now Im being told my payment amount will more than triple. Its actually doable but Im preparing for credit acccess. Will this stop me from getting my house? I havent official gotten the letter and when my payment is to begin. What do I do now?
Just keep the pace. You’ve gotten this far. Don’t even bring it up. Doing so will cause more trouble than it’s worth.
You should know your total DTI. If it goes above 40% before you get the house then yes you will be affected. If it goes above after you get the house then you need to figure out how to budget with the added bills.
@Nelsont, that’s exactly what I will do. Thanks. I’m not sure what a lot of us on the forum would do without you. Me myself, I’m always waiting for you to answer the questions. You really know that your talking about. It’s even better that you have actually gone through the process yourself. Thank you.