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Updated over 7 years ago on . Most recent reply
Is there a way to get a loan if I have high debt to income ratio?
I recently graduated college and would like to get started in real estate. I have just started working and am making ~50k but expect to move up to ~60-80k in about two years.
The problem is I still have several student loans in my name, increasing my debt to income ratio. My parents were extremely generous agreed before I went to college that they would pay it fully. The loans are still under my name, but I am not making any payments towards them.
I want to take mortgages and house hack and the whole shebang, but I am having trouble getting a mortgage approval. Does anyone know of a good way to work around this situation?
Thanks.