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Student Loan Payments Resume

Martini Mortgage Podcast

Release Date: 08/22/2023

Why Renting Feels Safe But Might Be Costing You More Than You Think

Martini Mortgage Podcast

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Renting vs. Buying: The 2025 Perspective

Martini Mortgage Podcast

“May you live in interesting times.” Sounds inspiring—until you realize it’s a fancy way of saying: good luck surviving the chaos. In this episode of the Martini Mortgage Podcast, Certified Mortgage Advisor breaks down why 2025 is not the year to hit pause on your dreams. 🛑 Waiting for perfect timing? It’s costing you more than you think.🏡 Renting? You’re investing in your landlord’s future, not yours. 📈 Buying? It's not about timing the market—it's about planning smart and acting strategically. 🔑 Discover why resale homes (not new construction) are the hidden gems...

Should You Buy a House in 2025? Here’s the TRUTH No One’s Telling You

Martini Mortgage Podcast

Everyone’s asking: “Should I buy a house in 2025?” This episode gives you the answer no one else will. Forget the headlines. Ignore the TikToks. In Episode 214 of the Martini Mortgage Podcast, Kevin Martini peels back the curtain on what’s really happening in the housing market—and whether 2025 is your year to buy. ✔️ Is now the time to make your move? ✔️ What’s actually going on with rates, inventory, and prices? ✔️ How do you know if you are ready (even if it doesn’t feel like it)? This episode cuts through the noise with clarity, strategy, and zero fluff. If you're...

Recession Fears? Why 2025 Is Still a Great Time to Buy Your First Home

Martini Mortgage Podcast

Think a recession is your signal to hit pause on buying a home? It might be your signal to sprint. In this episode, Certified Mortgage Advisor and flips the script on every scary headline, panic-peddling post, and “maybe I should wait” whisper in your head. You’ll hear: Why 2025 is not 2008 What recessions usually do to mortgage rates (spoiler: it’s good) Why "buy now, refinance later" is a strategy—not a gamble How sellers are suddenly offering perks like closing cost credits and buydowns This episode isn’t about fear—it’s about facts. About action. About finally...

Should You Tap Into Your Home’s Equity Now… or Wait?

Martini Mortgage Podcast

You scored the golden-ticket mortgage rate. 2.75%. Maybe 3.5%. The kind people brag about at dinner parties. But behind that shiny number? Credit card balances creeping up. A savings account that’s more “symbolic” than strategic. And an emergency fund that’s… well, a wish. Here’s the truth no one’s telling you: Your low mortgage rate might be costing you more than you think. In this episode, spills the no-fluff truth about cash-out refinancing in 2025. Yes, he said cash-out refi. And yes, it might be the smartest financial move you make this year—if you do it right. Forget the...

How to Start Saving for Your First Home: A Step-by-Step Guide for First-Time Buyers

Martini Mortgage Podcast

Think you’re not ready to buy a home because you still splurge on takeout or forgot to cancel that random subscription? That’s not the real reason you feel stuck. In this straight-talking, no-fluff episode, Certified Mortgage Advisor Kevin Martini shatters the myth that buying a home starts with cutting out coffee and magically saving 20% down. (Spoiler: You don’t need anywhere near that.) Instead, he hands you the actual steps to get your finances—and your confidence—in alignment, including: The sneaky truth about where your money really goes What a real budget looks like (hint:...

Stop Believing These Mortgage LIES! (First Home Edition)

Martini Mortgage Podcast

Think you need 20% down to buy a home? That lie has been quietly killing dreams for decades—and it’s time to put it to rest. This episode spills the truth, the real truth, about what it actually takes to get the keys to your own place (spoiler: it’s way less than you think). You’ll learn: Why the 20% down myth is holding you back The truth about credit scores—and what lenders really care about Low and no down payment programs that might already be available to you Why “waiting for the right time” might be costing you thousands This isn’t a guilt trip. It’s a game...

Rent vs Buy: Making the Right Choice for Your Future

Martini Mortgage Podcast

Is renting really just throwing money away? Or is buying always the better option? You’ve heard the arguments: “Stop paying your landlord’s mortgage!” … “Owning a home is how you build wealth!” But is it really that simple? Not exactly. Here’s the truth: Neither is universally better—it depends on your situation. And making the wrong choice? That could cost you tens of thousands over time. In this episode of the Martini Mortgage Podcast, we get straight to the facts—no fluff, no hype. You’ll learn: ✔️ The hidden advantages of renting (yes, they exist!) ✔️...

First-Time Homebuyer Mistakes (Things I Wish I Knew Before Buying My First House)

Martini Mortgage Podcast

🚨 STOP scrolling real estate listings and cancel those open house plans—until you hear this. What is the biggest mistake first-time homebuyers make? Doing the right things in the WRONG order. Most people think house first, mortgage second. But here’s the real winning move: secure your home loan first. In this episode of the , I’ll break down: ✅ Why getting your financing in place first gives you the edge ✅ The one factor you can’t change about a house—no matter how much you love it ✅ The hidden costs and pitfalls most buyers don’t see coming Buying your first home is...

Ask These Questions Before Buying a House

Martini Mortgage Podcast

Most homebuyers start with the wrong question: Is now the right time to buy? They wait, watch headlines, and hope for perfect conditions. But here’s the truth: The best time to buy isn’t about the market—it’s about whether YOU are ready. 🔑 Before you fall in love with a house, ask yourself: ✅ Am I financially and emotionally ready? ✅ Can I afford the payment AND still save money? ✅ Will this location work for me in 5 years? Too many buyers wing it—don’t be one of them. In this episode, I reveal the 5 crucial questions you MUST ask before making a move, plus the...

More Episodes

In episode 188 of the Martini Mortgage Podcast, host Kevin Martini discusses the upcoming resumption of federal student loan payments on October 1, 2023, and its potential impact on mortgage approvals. He emphasizes the importance of understanding one's financial position and offers insights on navigating the changing landscape.

Main Topics:

Resumption of federal student loan payments on October 1, 2023.
How this might impact your mortgage approval.

Key Points:

Federal student loan payments and interest were suspended in March 2020 due to the COVID-19 pandemic.
As of June 2023, the pause is set to end, with payments resuming on October 1, 2023.
For homebuyers:
- The resumption may affect chances of mortgage approval due to increased monthly payments and interest accumulation.
Three things borrowers should know:
- Payments resume on October 1, 2023.
- Interest accrual starts on September 1, 2023.
- There’s a 12-month “on-ramp” period without penalties for late payments.
During the payment hiatus, credit reports showed $0 obligation for federal student loans. However:
- FHA and Freddie Mac estimated payments using 0.5% of the total loan balance.
- Fannie Mae used 1% for their estimations.
Estimated payment amounts might differ from the actual payments, which could affect the Debt-To-Income (DTI) ratio, a key metric for mortgage approvals.
Income-driven repayment plans for federal student loans:
- PAYE: 10% of discretionary income.
- REPAYE: 10% of discretionary income, possibly less with dependents/spouse with loans.
- IBR: 15% of discretionary income.
- ICR: 20% of discretionary income.
- Under Fannie Mae, if the approved payment is zero, it's used for DTI calculations.

Closing Thoughts:

Be proactive and prepare for student loan repayments.
Still, maintain homeownership aspirations.
Understand your financial position as knowledge provides clarity, confidence, and direction.
For insights on mortgage strategies amidst student loan resumption, contact Kevin Martini at 919.238.4934.

About Kevin Martini: Kevin focuses on empowering families to create generational wealth via real estate and the right mortgage strategy. He's originated over a billion dollars in home loans since 2006. Recognized as one of the top 50 Mortgage Originators in the U.S., Kevin has been featured in Forbes and CNET. He frequently shares insights at conferences and hosts the Martini Mortgage Podcast. He's dedicated to helping clients make smart financial decisions for wealth growth and future planning. Connect with him on Instagram and YouTube for real estate and mortgage insights.

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