There’s much buzz about how young people are graduating with so much student loan debt that they are foregoing rites of passage like moving out and buying cars. But some are marching forward with mortgages.
“A recent report shows that 27 percent of all home buyers have student loan debt and a whopping 40 percent of first-time buyers have student loans,” says Warren Goldberg, president of Mortgage Wealth Advisors in Plainview.
What’s their secret for juggling student loan debt and a mortgage?
Choose the right lender: For buyers with student loans, an FHA loan can be a great option. “Fannie Mae and Freddie Mac made favorable changes to how student loan debt…