Student loans you will have when applying for mortgages?

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It does not seem that my student loan as part of my debt each month when applying for a loan. I was in forbearance, but do not pay each month and I recently able to start repaying the full amount. Let me know. Please no assumptions – just to know if you are sure. Thank you. Objectives

2009

14 Comments
  1. Reply
    Jaz xVSx the Dancefloor= <3
    February 1, 2011 at 3:45 am

    yes, they show up

  2. Reply
    ;)
    February 1, 2011 at 4:30 am

    yes its on your credit…unless its federal loans

  3. Reply
    Rita B
    February 1, 2011 at 4:34 am

    Yes, they are included in your “Debt to Income Ratio” calculation when they are no longer in forbearance.

  4. Reply
    lizet1981
    February 1, 2011 at 4:51 am

    heck yea!!

  5. Reply
    Kenny
    February 1, 2011 at 5:07 am

    Yes and not only Mortgage, it shows up every time you are going to borrow money from and organization.

  6. Reply
    Southerngirl29
    February 1, 2011 at 5:58 am

    Yes, they show up. They even show up while you are in school. My husband and I applied for a mortgage while I was in school, and all my student loans showed up even though it showed they were deferred (but in good standing). I asked the girl handling our mortgage if it would be better for me to go ahead and start paying on my loans, and she told me NO! She said it would show the loans were active. So, apparently paying on them really doesn’t help you even if you are paying on time.

  7. Reply
    nathanlarkin5
    February 1, 2011 at 6:52 am

    they will just be patient

  8. Reply
    CHAR L
    February 1, 2011 at 7:30 am

    Yes… The loan is on your credit reports.. They will take in account all loans and open, closed, paid and delinquent accounts.. The ONLY bills they will forgive are medical bills

    Someone said that being in forbearance and paying your account on time will help your credit… From experience with my ex husband it does not help you in any way

  9. Reply
    Teh_Shot
    February 1, 2011 at 7:42 am

    a Student loan is a normal loan that you just pay less back over a longer period than a standard loan but it will show up and will show on any credit you try to take out too

  10. Reply
    Rachel
    February 1, 2011 at 7:52 am

    Yes, those show up. When I applied for a mortgage, my husband’s loans were in deferrment, and they still showed up as outstanding obligations. I believe forebearance would be no different.

  11. Reply
    passsiongirl08
    February 1, 2011 at 8:04 am

    I used to work collections for student loans. Student loans will show on a credit report even if inf forbarence. They are coded according to status (ex: forberance, on time, defaulted, etc.). As long as they are in forb. or paid on time they will not hurt your credit and may infact help establish a good credit history.

  12. Reply
    bdancer222
    February 1, 2011 at 8:33 am

    If you are going to apply for a mortgage, it would be smart to pull a copy of your credit report now (AnnualCreditReport.com) and see exactly what is showing.

    If there are errors, dispute them with the credit bureaus. If you have derogatory items, you may want to settle them. Most mortgage companies will require you to settle any open derogatory accounts before approving you for the mortgage.

  13. Reply
    Anjell
    February 1, 2011 at 9:19 am

    Yes. Final answer.

  14. Reply
    eric731
    February 1, 2011 at 9:43 am

    Great goals! Consider sharing with us… http://www.flickr.com/groups/beatingdebt

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