Hello… I’m interested in buying a foreclosed apartment through mortgage. My only income is student loans and grants, can I use federal aid such as this for income? Thank you!!
Passive Income
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no. if you want to buy something like that, you should probably get a job.
No. Those are not considered income as those are federal monies not allowed to be used for anything not related to school.
No you can’t. Student loans count as debt, not income.
Not any more. Two years ago, we could have gotten you a McMansion on that income. Lenders are looking hard at how you will pay it back, long term, now.