REI Wealth Monthly Issue 20 | Page 44

THE EVOLUTION OF U.S. CREDIT , MORTGAGE, AND STUDENT LOANS RICK TOBIN Ironically, one of the main reasons for taking out an expensive Student Loan is to be able to find a high paying job, which may later allow a person to qualify for a home mortgage. However, a potential outstanding Student Loan debt of $100,000 to $200,000 may be higher than the potential mortgage loan for a new “American Dream Home”, and the primary reason why a potential mortgage borrower doesn’t qualify for a new home, tragically ironically. Let’s all hope for an improving job market and overall economy so that more Americans have the opportunity to pay off their debts as well as the opportunity to invest in “The American Dream”. Rick Tobin Look for Rick's ebook on Amazon Kindle: The Credit Crisis Deals: Finding America's Best Real Estate Bargains. Rick Tobin has a diversified background in both the Real Estate and Securities fields for the past 25+ years. He has held seven (7) different Real Estate and Securities brokerage licenses to date. Rick has an extensive background in the financing of residential and commercial properties around the U.S with debt, equity, and mezzanine money. His funding sources have included banks, life insurance companies, REITs (Real Estate Investment Trusts), Equity Funds, and foreign money sources. You can visit Rick Tobin at RealLoans.com.