This $71 difference per month can add up to thousands over the term of the loan. 71 x 360 payments will equal $25,560.<\/p>\n

That’s not all. Your savings are increased by paying off high-interest student loan debt of 5% or higher.<\/p>\n

Homeowners must adhere to these three key guidelines to qualify for this refinance cash-out benefit.<\/p>\n

\n
• A minimum of one student loan needs to be repaid in full to a zero balance, with cash-out funds transferred directly to the student loan provider.<\/li>\n
• Limited to just student loans in the borrower’s name are able to be repaid in full.<\/li>\n
• No partial payments of student loans permitted. Must be paid in full.<\/li>\n<\/ul>\n

  See if you qualify today by contacting a licensed representative from 1st Nationwide Mortgage<\/p>\n","protected":false},"excerpt":{"rendered":"

  Due to a recent decision by Fannie Mae, getting approved for a mortgage when you have student loan debt will be a lot less difficult. Fannie Mae recently announced a few new changes that will help borrowers with student loan debt be eligible for mortgage financing. For the 44 million American borrowers carrying a total of $1.45 trillion in student loan debt, this is a quality of life changing decision. Before the change, qualifying for a mortgage was very challenging for recent graduates as well as those one who have had a job two years or more removed from college. Fannie Mae made the change because many graduates are denied […]<\/p>\n","protected":false},"author":1,"featured_media":259,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[29],"tags":[45],"class_list":["post-258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-qualifying","tag-student-loan"],"yoast_head":"\n