Lenders look at monthly payments when calculating debt to income. $150 a month in student loans won't prevent you from getting a mortgage unless $150 is all that's preventing you from affording the mortgage.
Cancelled debt is only taxable up to the point of solvency meaning that most people who have a substantial amount of debt cancelled won't owe anything.
>IBR operates very similar to welfare - including the embarrassing intrusion and analysis of your private life by your lenders. It is a last resort option and not something we should be encouraging.
I've done it. You provide your tax return. They don't care about anything but income. It's by no means intrusive and shouldn't bhe thought of as a last resort.
Cancelled debt is only taxable up to the point of solvency meaning that most people who have a substantial amount of debt cancelled won't owe anything.
>IBR operates very similar to welfare - including the embarrassing intrusion and analysis of your private life by your lenders. It is a last resort option and not something we should be encouraging.
I've done it. You provide your tax return. They don't care about anything but income. It's by no means intrusive and shouldn't bhe thought of as a last resort.