Posted on: 18th Mar, 2010 09:14 am
My son has a private student loan on which I cosigned and I pay. If I prove I make the payments does it have to be counted in his debt to income ratio for the mortgage?...I have made all the payments on this loan .
as long as you can provide proof like canceled checks the debt should not be included in his dti.
I have given my suggestions to a similar query at:
http://www.mortgagefit.com/predeal/about36296.html#155946
Take a look at it. Hope it helps you.
http://www.mortgagefit.com/predeal/about36296.html#155946
Take a look at it. Hope it helps you.
i agree, jenn...as long as you've got 12 months' proof, lenders (for the most part) will ignore that debt when calculating your son's ratios.
