Question by Omez: Will my student loan consolidation loan affect my mortgage pre-approval?
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?

Best answer:

Answer by linkus86
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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Tagged with: affect • Consolidation • Loan • mortgage • preapproval • Student

Filed under: Student Loan Debt Consolidation

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