#33: Does student loan debt impact you from buying a house? Yes!
My friend recently asked me “does student loan debt impact you from buying a house?”. She has recently gotten pre-approved and is not quite happy with the amount -- and is attributing that to her student loan debt. Granted, she knew my struggle of trying to buy a house the first time but that was almost a decade ago. And things have certainly changed. The reality is, student loans will impact everyone’s homebuying journey differently but I was happy to share the challenges I faced. I also gave her hope to keep paying them off by sharing the strategies that worked for me.
In this video, I will discuss 4 ways that student loans impacted my homebuying journey and also share some helpful tips on how to pay yours off. You don’t have to pay in full like I did, but the less you have, the better you will be.
I also go over all of this and more in
Ready To Own, my 100+ page workbook that was birthed from my experience of purchasing my first home. I made a lot of mistakes and also felt unprepared throughout the initial process. It’s full of resources, checklists, terms, and insights designed specifically for first-time homebuyers. Grab yours:
https://www.maximizedmoney.com/ready-to-own.
Resources:
Debt to income ratio calculator: https://www.wellsfargo.com/goals-credit/debt-to-income-calculator/
[VIDEO] My debt free journey: https://youtu.be/C0Tyt3n7PCY
The #1 Workbook for first-time homebuyers: https://www.maximizedmoney.com/ready-to-own
Biggest mistake I made in my homebuying journey: https://youtu.be/Yn-LsYujGtA
First time homebuyer loans:
https://www.maximizedmoney.com/first-time-homebuyer-loans
Instagram (we have lots of fun over here):
https://www.instagram.com/maximized.money
Ready to find the right real estate agent for you? Download my free checklist for questions to ask:
https://www.maximizedmoney.com/homebuyers-checklist
Want to get your finances together for your big home purchase? Join my free Homebuyer Goals Challenge:
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