Lenders care about debt payments too, not just down payment. If the student loan payment hurts your monthly cash flow, paying it down may help your buying power later.
Should I focus on paying off student loans or saving for a down payment?
#debt#down payment#money#savings#student loans
I have student loans but also want to buy a home someday. I feel like if I wait to be debt-free first, buying will move even further away.
AI Summary
People discuss balancing student-loan repayment with saving for a future home.
Answers & Discussion
I did both: minimum loan payments plus automatic down-payment savings. It felt slow, but it kept the home goal alive while the debt moved down.
Check the interest rate and repayment terms first. Low-interest student debt may not need the same urgency as credit cards. High-interest debt is different.
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