Retirement vs. Student Loans vs. Mortgage: Which Comes First?
Eliminating student debt, saving for retirement, and buying a house are all important financial goals that can be hard to balance.
Buying a home with student loans isn’t easy, but it’s doable. In this section, we break down how student debt impacts homeownership and what you can do about it—from choosing the right repayment plan to deciding whether to pay off loans or save for a down payment.
Eliminating student debt, saving for retirement, and buying a house are all important financial goals that can be hard to balance.
Student loans are a major challenge to saving for a down payment on a home. A smaller down payment often means living with a Private Mortgage Insurance (PMI).
Student loan refinancing can make getting a mortgage much easier — or much harder. Getting the order right is essential.
Qualifying for Public Service Loan Forgiveness and buying a house are two goals that both require careful planning for student loan borrowers.
Key differences in tax advantages, forgiveness programs, and refinancing make the debt elimination decision more complicated.
Using a Home Equity Line of Credit (HELOC) to pay off student loans has a couple big advantages, but it comes with major risks.