If my wife and I get student financial aid, can we count that as income to buy a house?
by Mortgage Rates on Thursday, December 2nd, 2010 | 2 Comments
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No.
Watch out for scammers on this site. I’ve just reported one.
They’ll offer you attractive deals of the type which led to the global economic crisis.
You count as a sub-prime borrower.
Sorry. just wait until you have a career.
No. The bank or mortgage company will not allow you to count your student aid as income. Student loans are “liabilities”, money that you owe someone, and will eventually have to pay back. It is not an asset, or income for the purposes of securing a mortgage. Sorry, but you will not be able to count it as income.