My hubby and I own too much college debt. We are trying to buy a homeAny suggestions? Our debt to income ratio is too high. We working on paying

Our debt to income ratio is too high. We working on paying past its sell-by date the loans but it is a slow process.

The nice module about trying to buy a home, is that if you're likely to deal beside an outrageous interest rate and a higher afterwards normal mortgage grant. Waiting a while and getting debts paid down will give support to you get a better rate, which system a better mortgage payment and a LOT smaller quantity money spent.

If not, look for a mortgage company that works with race with bad/damaged credit, in recent times make sure you're sitting down when they amount out what your mortgage payment will be.

have you both graduate. can one of you go fund to school even division time and have your loans deferred until you qualify for a loan?

Answers: I would take the conservative approach and skulk awhile. There are a lot expenses that come along beside home ownership and you could get buried next to costs in no time. Hang within there, you don't hold to do everything today.

It may nouns funny but; HUD has abundant programs available for not only low income but middle income as okay. We went through the USDA( they use indistinguishable hud programs). My credit wasn't that strong and my income was a low middle class at best. Anyhow best of luck to you both.

http://www.usda.gov/wps/portal/!ut/p/_s