Will my student loan consolidation loan affect my mortgage pre-approval?

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I am in the process of consolidating my student loans but I am going to graduate school this summer so it will be deferred. should i cancel my consolidation?how will a consolidation within 6 months of trying to get a mortgage loan be affected?

1 Comment
  1. Reply
    linkus86
    April 29, 2011 at 9:15 pm

    It could, but as long as the payment, after deferment, remains the same or is lower than it was at the time of pre-approval you are safe. You might want to give your mortgage broker the heads up that it could be an issue rather than waiting for it to be discovered 2 days before closing.

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