{"id":397,"date":"2016-05-23T00:00:23","date_gmt":"2016-05-23T00:00:23","guid":{"rendered":"http:\/\/www.expresscashflow.com\/?p=397"},"modified":"2023-01-01T15:44:18","modified_gmt":"2023-01-01T23:44:18","slug":"are-student-loans-holding-young-individuals-back-from-home-ownership","status":"publish","type":"post","link":"https:\/\/www.expresscashflow.com\/are-student-loans-holding-young-individuals-back-from-home-ownership\/","title":{"rendered":"Student Loans Impeding Home Ownership?"},"content":{"rendered":"<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-249 size-large\" src=\"http:\/\/www.expresscashflow.com\/wp-content\/uploads\/2016\/06\/Express-Cash-Flow_May_Are-Student-Loans-Holding-Young-Individuals-Back-from-Home_Image-1-New-home-in-CA.jpg\" alt=\"New home in CA\" width=\"742\" height=\"495\"><\/p>\n<p>One of the most commonly asked questions we get as one of the most successful commission advance companies in California is how student loans can affect potential mortgage requests. Many young people are graduating from college with hopes of becoming homeowners and starting their careers. A number of these same people worry that their student loans will stand in the way of this goal. So, will student loans hold you back from getting a good mortgage? The answer is a solid possibly.<\/p>\n<p>That might sound vague, but there are a few different ways that student loans can be perceived. Many&nbsp;<a href=\"http:\/\/www.expresscashflow.com\/\"><strong>commission advance companies in California<\/strong><\/a>&nbsp;have noticed that student loans can harm a mortgage attempt in the following situations:<\/p>\n<ul>\n<li>If you did not get a college degree<\/li>\n<li>If your college degree is not in a lucrative field<\/li>\n<li>If your student loans are far more extensive than a 4 year degree requires<\/li>\n<li>If you have late or missing payments on the loans<\/li>\n<\/ul>\n<p>Those four markers can be a huge turn off to mortgage companies, and could mean that you either get denied for a mortgage request, or the offered interest rates will be far more than the optimum range.<\/p>\n<p>If, however, you got your degree, have started a lucrative career in the field of your degree, and have been faithful in paying your loans down, there is no reason that student loans should keep you from your goal of becoming a homeowner. Most of these loans have reasonable payments, tiny interest rates, and will not greatly affect your debt-to-income ratio.<\/p>\n<p>For those who do fit into one or more of those four markers, there are other options out there to help you get qualified for the housing of your choice. We would be happy to sit down with you and help you figure out which option works best for you until you can get your student loans out of the picture.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the most commonly asked questions we get as one of the most successful commission advance companies in California is how student loans can affect potential mortgage requests. Many young people are graduating from college with hopes of becoming homeowners and starting their careers. A number of these same people worry that their student [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yst_prominent_words":[133,442,673,694,170,691,682,125,120,443,671,449,678,688,695,684,663,692,686,668],"_links":{"self":[{"href":"https:\/\/www.expresscashflow.com\/wp-json\/wp\/v2\/posts\/397"}],"collection":[{"href":"https:\/\/www.expresscashflow.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.expresscashflow.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.expresscashflow.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.expresscashflow.com\/wp-json\/wp\/v2\/comments?post=397"}],"version-history":[{"count":2,"href":"https:\/\/www.expresscashflow.com\/wp-json\/wp\/v2\/posts\/397\/revisions"}],"predecessor-version":[{"id":7595,"href":"https:\/\/www.expresscashflow.com\/wp-json\/wp\/v2\/posts\/397\/revisions\/7595"}],"wp:attachment":[{"href":"https:\/\/www.expresscashflow.com\/wp-json\/wp\/v2\/media?parent=397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.expresscashflow.com\/wp-json\/wp\/v2\/categories?post=397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.expresscashflow.com\/wp-json\/wp\/v2\/tags?post=397"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.expresscashflow.com\/wp-json\/wp\/v2\/yst_prominent_words?post=397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}