This past year, my parents bought a house, and they used a bank loan. Our mortgage payments are greater than the rent payments for the apartment we used to live in and I indicated this on my CSS profile. I was already pretty much fully-funded at my school, but will this decrease my aid? We don’t have any money saved up to pay the school.
Not enough information to provide a meaningful answer.
The only place where you can get an accurate answer, is at the financial aid office at your college. Go talk with them.