How to Get a Mortgage, Even with High Student Loan Debt


Americans continue to hold a staggering amount of student loan debt, with the potential to derail many people’s hopes of buying a home.

The most recent data shows that American student loan borrowers – 45 million strong – owe about $1.7 trillion in student loan debt. That makes student loan debt the second-highest consumer debt category, behind mortgage debt, but more than auto and credit card debt.

For would-be homebuyers, shouldering excessive student loan debt may dissuade them from pursuing a mortgage. That’s understandable, as the notion of adding mortgage debt to student loan debt may lead some home loan lenders to reject a mortgage loan application.

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