Question Details

S.a., Both Buyer and Seller in USA, Mobile, AL

Went back to grad school 5 years, now have student & credit card debt, all on time. Can I get a mortgage...?

Asked by S.a., USA, Mobile, AL Sun May 25, 2008

Before going back to school, I had an excellent credit record. Now I have a lot of student loans and credit card debt (all paid on time every month).

I just graduated and will start a new job at a very nice salary. We own our current home, worth $450k, and are moving to another state where houses cost $250k. When we sell our current home, I'll be able to pay off all the credit card debt. But that's not likely to happen before I need to buy the new home. Am I likely to find an understanding mortgage underwriter?

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