Did you know that if we can verify that someone else pays a debt on your behalf for at least 12 months, we do not need to count that debt against you when qualifying for a mortgage? Props to the Parents Paying Back Your Student Loans!
Related Article Title: Fannie Mae & Freddie Mac – Business Debt Guaranteed by Borrower: Do I have to count a business debt in the DTI for a loan guaranteed by my applicant but paid for by his company? Debts Paid by Others Chart. Answer: This is something that originators come by quite often. If the […]