Fannie Mae has recently made some changes that could benefit prospective homebuyers and current homeowners alike.
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If you have a student loan or you are a cosigner on one, I have some good new for you.
Fannie Mae, the nation's largest underwriter of mortgages, recently introduced three new rules that will affect those with student debt.
These new rules can make it easier to get a mortgage, and they can make it easier to pay off your (or your kids’) student loans.
The first change is for those on income-based repayment plans, where having a high debt-to-income ratio is the No. 1 reason for not being approved for a mortgage.