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How To Reduce Your Student Loan Payments

Mike Chissell, Trusted Mortgage Advisor • Nov 17, 2021

Hate paying your hefty student loans every month?

Having difficulty qualifying for a mortgage due to student loan debt? What If I told you it’s possible to slash your monthly payments substantially, potentially in half or more? You may think that sounds like a fairy tale or some type of scam. However, we at Chissell Mortgage Group have found an incredible solution!


According to
educationaldata.org, 43.2 million students in the United States have student loans. That’s about 1/8th of the United States population has student loans. What's even more staggering is that these students are in debt by an average of $39,351 each! That is a large amount of debt for these homebuyers to carry when trying to purchase a home. 


What this tool does is find federal programs that can lower your monthly payments in large chunks, potentially even forgiving large portions of your student loans. It will even help you file the paperwork to qualify! The good thing about lowering your monthly payment on your student loans, besides saving money every single month, is that means you'll have an easier time when it comes to qualifying for a home. By reducing your monthly payments on the student loans, you will now have a better debt-to-income ratio, helping you to qualify for more house. 


This is an excellent tool for anyone coming out of college with a good job but that also has student loans to go along with it. For example, people graduating with master’s degrees in their field would benefit greatly from this product. If you are worried about having an online service sign you up for government programs, there is an option to have 1 on 1 coaching. It’s tailored to your goals and needs.


If you are interested in learning more about this program, please contact us at 727-376-6900 or go to
www.chissellmg.com for more information.


https://educationdata.org/student-loan-debt-statistics

 

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