Feel Like You Can’t Afford a New Home...
Because of Your Student Debt?
If you have student loans and want to buy a home, you might have questions about how your debt affects your plans. Do you have to wait until you've paid off those loans before you can buy your first home? Or is it possible you could still qualify for a home loan even with that debt? Here's a look at tile latest information so you have the answers you need.
A Bankrate article explains:
“Roughly 60 percent of US. adults who have held student loan debt have put off making important financial decisions due to that debt ... For Gen Z and millennial borrowers alone, that number rises to 70 percent.
This includes one of the biggest financial decisions you'll ever make, buying a home. But you should know, even with student loans, waiting to buy a home may not be necessary. While everyone's situation is unique, your goal may be more within your reach than you realize. Here's why.