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Student loan requirements

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Danielle | 22 Jul 2015, 05:22 AM Agree 0
Hi there! My son is been accepted in Boston University. He will start to attend his school in September. He will need a small student mortgage. I would like to know what does he needs to qualify for a student mortgage?
  • MadridZop | | 24 Jul 2015, 01:11 AM Agree 0
    Hey there! With a co-signer, most students get a student mortgage. A co-signer essentially agrees to pay the mortgage if the student does'ntt. Interest rates depend on the income/credit of the applicant. So, if a student applies without a co-signer, they are usually either denied or given a very high interest rate (for private mortgages). With a co-signer you may be able to get a better interest rate (though mine have all been higher than 8% and I have amazing credit, as did my co-signer). It seems you are a neophyte in this matter. Check out this blog, do and don'ts while taking student mortgages http://www.aspirefcu.org/blog/borrowing-money/mistakes-student-mortgages/
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