How student loans can prevent you from buying a Boston condo. A growing number of people looking at Beacon Hill condos for sale have student loan debt that can take many years to pay off.while you continue to payoff your debt, life is still going on, and you may  end up wanting buying a Boston high rise condo for sale. Here’s how student debt can prevent you from accomplishing your goal of obtaining your dream home.

Credit Report

When you apply for a mortgage to to buy a Boston high rise condo, the bank will check your credit report to see if you have any other preexisting financial obligations.. Any oustanding payment obligatons will lower the amount a bank is willing to loan to you.

Multiple Loans

Any sort of loan debt on your credit report makes you look like a riskier investment to the bank. so if you have multiple student loans your payment obligation may appear inflated. In this case, it is best to consolidate multiple student loans into a single loan.

Student Loan Delinquencies

If you have a student loan, you should try to pay it off without any delinquincies. Missing patments on a student loan can make it difficult to obtain a mortgage for your dream Boston condo for sale that you want to buy. Lenders will be very cautious about providing you a loan if you seem unlikely to be able to pay it back.

 

 

Author Profile

John Ford
John Ford
EXPERIENCE

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs



In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.



HISTORY

For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.

AREAS COVERED

Back Bay

Beacon Hill

Charles River Park

Downtown/Midtown

North End

South End

Seaport District

South Boston

Waterfront

Brookline

Surrounding Communities of Boston
Contact
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.




John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114

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