One can just pay the student loan passively through tax, no? Sadly, I would answer affirmatively to the final question.
Comment on Banks will be told to disregard student loans in mortgage tests
Whirlybird@aussie.zone 1 week ago
Seems like a terrible idea to me. People have to repay student loans, meaning that those repayment amounts should be taken into account when determining how much money they can afford to repay on a mortgage. Disregarding them is just going to mean giving loans out that people can’t afford to repay…maybe that’s the goal?
porcelainpitcher@lemmy.today 1 week ago
Whirlybird@aussie.zone 4 days ago
Yes, but it still means you have less cash in hand than if you didn’t have it, so it definitely should affect your borrowing ability.
Eyekaytee@aussie.zone 1 week ago
I think with rents how high they are there’s people who may end up paying less if they get a mortgage they just need to get in