I have student loans that aren't in repayment yet. Should I show them as installment debts on my mortgage application?

Yes. Regardless of whether your payments are in repayment or not, this debt is considered in your debt ratio calculation.

If you are not exactly sure of the monthly payment, enter an estimated amount. If the student loans and payments are not reflected on your final credit report, we may ask that you request a statement from the loan servicer.

Back to Knowledge Base