Mortgage and School loans

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Posted by Heather on December 01, 1998 at 12:26:12:

My husband and I are trying to figure out how we can get a larger mortgage. Together our combined income is $67,000. I have a master's degree and he is completing his Master's in Computer Science. We have a monthly car payment of $450 and no credit card debt. The problem is that my husband has nearly $60000 in school loans. This seams to be really hurting the amount we can get for a mortgage despite the fact that we currently pay $960/month in rent. We have approximatly $20,000 for a down payment. What do you suggest we do?

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Re: Mortgage and School loans John 09:05:28 1/24/99 (0)

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: My husband and I are trying to figure out how we can get a larger mortgage.  Together our combined income is $67,000.  I have a master's degree and he is completing his Master's in Computer Science.  We have a monthly car payment of $450 and no credit card debt.  The problem is that my husband has nearly $60000 in school loans.  This seams to be really hurting the amount we can get for a mortgage despite the fact that we currently pay $960/month in rent.  We have approximatly $20,000 for a down payment.  What do you suggest we do?


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