Student Loan Status Approved
Can I get a mortgage if you have a student loan default?
The situation is my husband and I have been pre-approved for a loan and complete a sales contract, Ernest care money in October for a new subdivision / house construction. However, in January '08, my loan Students hubsand was lost, but it worked where, if you pay 6 months. the default will be removed in September '08. Now, after a week of the closing of our loan officer called and said that insurers have a problem with the status of default. Then she said that Office of prudent lending and suggest that enables the sending bank to a larger, they have more options for help. So my case settles the largest bank last Friday and I expect to hear their AA. You think I should try for the loan myself? We wrote a letter explaining the reason for which the loans were in default. My husband had a car accident and without work or without pay. If you please help … we can obtain a mortgage and close in late February / March?
I am in the mortgage industry, but I suspect that until he decides the default, you are regarded as high credit risk. After the recent debacle associated with loans work, the basic attitude of the industry has become more conservative. For're married, your credit is linked to the credit of her husband, becomes whether the loan in his name, probably not a viable option – but it can damage the call of responsibility loans whether it is an option that you might see on this issue.
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