The Mortgage Brothers Show

Up to date news, tips, and advice, so you can make real estate decisions with confidence.

Can I Get a Mortgage if I have Student Loans

02-22-2022About MortgagesEddie Knoell

This is a question we get a lot. So, we figured it’d be good to do a podcast and a post to get you oriented when you start trying to sort out how to get a mortgage if you have student loans. As always, feel free to give us a call at (602)-535-2171. You’re more than welcome to skip the post and get right to asking us for help. Let’s dive in.


Fixed Rate Vs. Adjustable Rate Mortgages

02-04-2022About MortgagesEddie Knoell

An Adjustable Rate Mortgage’s interest rate changes after the fixed period expires. Typically, ARMs are 30-years loans, meaning that you’ll pay back the money you borrowed over the span of 30 years. At the beginning of the loan, you’ll start with a lower rate than average mortgage interest rates. The low rate will stay the same for a period of time, commonly 5, 7, or 10 years. After the fixed-rate period ends, your interest rate will adjust up or down based on an index.