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Started By
Message
re: Pay off student loans or buy a house
Posted on 11/18/13 at 10:01 am to boomtapp
Posted on 11/18/13 at 10:01 am to boomtapp
quote:
free up $1,700 a month in debt payments
Think about how quick that would add up and you wouldn't be doing anything different than what you do now.
I vote pay off the student loan debt.
1
Posted on 11/18/13 at 5:22 pm to Brian Wilson
quote:
I vote pay off the student loan debt.
Agreed.
At $1700/month, assuming you don't invest it, you'll save $20,000 in a year. With the $10,000 you already have, that's $30,000 or %20 down for a $150k house. You wait a little longer, and you have an even bigger down payment.
Wait a year. A house isn't worth it if you can't pay off your student loans. BTW, they can get your house even in bankruptcy. Another thing to think about.
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