The student debt burden coupled with relatively low salaries and credit scores will affect the ability of young people to qualify for a buy a home, says Stevens.
"They're already on the margin for being able to qualify for a mortgage," he explains. "If you add on a large student loan debt payment of $400, $500 or $600 [a month] that's going to impact your qualifying ability to buy a home."
The student debt burden coupled with relatively low salaries and credit scores will affect the ability of young people to qualify for a buy a home, says Stevens.
"They're already on the margin for being able to qualify for a mortgage," he explains. "If you add on a large student loan debt payment of $400, $500 or $600 [a month] that's going to impact your qualifying ability to buy a home."
http://finance.yahoo.com/blogs/daily-ticker/exploding-student-loan-debt-threatens-the-housing-recovery-132052213.html
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