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Updated almost 10 years ago,
Tenant with LOADS of Medical School Debt (payments deferred)
Hi there,
We are currently screening for a 2/2.5 condo in Newport Beach at $2795 and I'm wondering about the co-signer on the property.
Is it normal for a young Orthodontist to pull 20k/month but have almost 700k in student debt? The 8-10 student loans are Sallie Mae - and most are deferred with $0 monthly payments, so his credit is actually 780. I've never seen this much debt on an application, but I'm not sure if I'm overreacting. He's co-signing for his mom who makes 8/k a month selling time shares (which seems unstable to me - but what do I know?)
Any ideas or insight would be nice to have. Thank you in advance!