Student Loan Holders Catch a Home-Buying Break
For many of the 44 million Americans with student loan debt looking to buy a home, qualifying for a mortgage just got a bit easier. Housing giant Fannie Mae this week issued new guidelines about how lenders should evaluate mortgage applicants who have student loans — particularly borrowers on income-driven repayment plans. The changes are a response to anxiety among student loan borrowers that having student debt takes homeownership off the table, says Jonathan Lawless, vice president of product development…