Asked by ashgal85, Katy, TX • Sat Mar 9, 2013
My student loans will not be in deferment 12 months after closing, so my LO needs an estimated monthly payment from them. I've asked 2 times over 2 weeks and she said Sallie mae has not given them the info. How long does this usually take? Is this something I can do on my own or will it require the LO to be the one to get estimated payments? 2 years ago before I went back to school I was paying on them and my payments were like $100 for a $50,000 loan, now I hear that if the underwriter cant get anything in writing about monthly payments then they will use 2% of the balance...which is extremely high. Can anyone give me some good adivce.
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