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re: Question about debt reduction and deciding when to purchase home
Posted on 5/11/11 at 3:24 pm to saderade
Posted on 5/11/11 at 3:24 pm to saderade
quote:
Damn, that is a shitload. Hopefully a nice paying profession came out of that. How much would you have for a down payment?
A shitload indeed. We both have good jobs, and a pretty solid income for our age which will continue to rise.
The amount we'd have for a down payment would depend on how much time we'd dedicate toward saving for it. (how much time would we put the loans on hold).
My plan right now is to go the rest of this year and all of next year focusing on nothing but the loans. I figure we can knock off 100k by then. After that, reevaluate our position financially, see where we are with having kiddos, and eliminate a lot of the risk associated with having a mortgage AND the full balance of student debt. All of this unless someone can talk me out of it.
This post was edited on 5/11/11 at 3:26 pm
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