Monday’s: I’m in Love!


This may look like a form letter, but it’s so much more and the reason I have enjoyed my career for 16 years.  I’ve been a Loan Officer for 17, but who are we kidding, 2008 wasn’t a good year for anyone 😉

“We have purchased for ourselves five homes over the years and none of those financial transactions was as smooth as the purchase that you enabled for our daughter and fiancee to achieve”  – Brian and LaNor McDonald

Walking into the office on a Monday morning to this letter is the reason I do what I do. I love to be loved and I work hard to keep that happening over and over.


Fannie Mae Eases Student Debt Policy

Fannie Mae eases rules for borrowers with student loans.

Source: Fannie Mae Eases Student Debt Policy

Great news for homebuyers and homeowners with student loan debt!

Fannie Mae has announced new policies to help borrowers with student debt qualify for a home purchase or refinance loan.

The new rules provide three flexible solutions to current and future homeowners, while allowing lenders to serve more borrowers. These solutions include:
Student Loan Cash-Out Refinance: Offers homeowners the opportunity to pay off high interest rate student debt while potentially refinancing to a lower home loan rate.

Debt Paid by Others: Excludes non-mortgage debt (such as credit cards, auto loans and student loans) paid by someone else from the borrower’s debt-to-income ratio, expanding borrower eligibility to qualify for a home loan.

Student Debt Repayment Calculation: Allows lenders to accept student loan payment information on credit reports, increasing the likelihood that borrowers with student debt could qualify for a loan.
The bottom line is that if you currently carry student loan debt, buying a home or refinancing has just gotten easier!

If you or someone you know is interested in this opportunity, I’d be happy to help investigate options.


Matthew Royer

Source: Fannie Mae

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Source: Fannie Mae Eases Student Debt Policy