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Student Loan Debt

Student Loan Debt

December 22, 2021

Eric: Hey everyone. Eric Bibel with the Bibel team at NEO Home Loans. I’m here today to talk to you about student loan debt. [Timestamp: 00:15]: If you like the content that you’re seeing here today, please like, subscribe, comment. It helps to ensure that we continue to be able to get our message out. Again, today I want to talk to you about student loan debt. Ton of questions out there, as there should be. Over 45 million Americans in some way, shape or form, have some form of student loan debt. And most importantly, why we want to discuss it is, it can absolutely have impact in your ability to purchase a new home. So historically, looking back to the past, when someone came to us with student loan debt, whatever that payment was, or a factor of the balance would ultimately have impact to your ability to qualify for a new home purchase. Now, if you look at somebody that’s entering, say, the medical field, engineering field, law field, there are some pretty tremendous student loan obligations tied to that, which effectively can be a mortgage, and in turn, really impact your ability to secure a new

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