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If she saw apartment in November, it doesnt make her a over 120 days yet.. not until April! This is great.. congrats!
I wish nothing but good, no one knows anyone elses struggles.. sooooo good luck to all and happy happy Friday.. lets hope to being calling each other neighbor soon!
I honestly just think we are all here for moral support and since BG is not the best agency all of our experiences are helping each other out on what to expect lol
If she saw apartment in November, it doesnt make her a over 120 days yet.. not until April! This is great.. congrats!
I wish nothing but good, no one knows anyone elses struggles.. sooooo good luck to all and happy happy Friday.. lets hope to being calling each other neighbor soon!
Yes it does. Jess saw her apartment in Nov, docs sent to HPD and still has not been approved. She had to resubmit.
Lets say she saw apartment end of Nov.. her 120 days start December, it brings her right to the tip of 120 days.. but like everyone else says BG is very unpredictable, but im sure they have some sort of process regulation they follow.
I do remember reading the handbook and being surprised that student loans were lumped in with general debt. Usually it is considered a separate category. It's the only debt I have so hopefully no it does not push me over.
Im just baffled at how BG manages to F-ck up the process for every building - I already went though my process with another agency so I feel th frustration with you guys. But I still wish ya luck! The building is very nice!
I do remember reading the handbook and being surprised that student loans were lumped in with general debt. Usually it is considered a separate category. It's the only debt I have so hopefully no it does not push me over.
How much do you have? I have student loans/CC debt and at the time I asked if my debt was OK and it was.
It is seperate, and in the handbook it says student loans are allowed 30% of debt to income ratio in overall yearly debt.. so im confused, because is it 30% of capital or with interest? It is also the only debt we have.. but it is pretty hefty and probably does go over the 30% I just try to not think about it.. and hope they will overlook it!!
I just did some calculations. My monthly debt to income ratio is fine; my monthly loan payments are low and no where near 60% of my monthly obligations including rent for a one bedroom here.
But overall it's definitely more than 30% of my yearly income. My student loans are just about half of my yearly income. So I guess it depends on which way they decide to calculate it. I hope it just depends on whether or not you are making your payments on time every month.
I mean we are allotted a higher debt percentage - 10% for monthly and 5% for yearly. But if you make less than 40 grand a year the likelihood of your students loans being more than 30% or $12,000 is very high.
I think those numbers are pretty tone deaf considering the student loan debate has been waging for years now and it's pretty common knowledge that college tuition is higher than it's even been in this country, therefore so are student loans and student loan debt.
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