Charleston · Buying
Should I pay off my student loans before buying a house?
Whether to pay off student loans before buying a house depends on how that debt affects your debt-to-income ratio, since a lender weighs your monthly loan payment against your income when deciding how large a mortgage you qualify for. Paying down other debt can sometimes free up more borrowing room than the down payment fund alone would. A lender can run both scenarios so a buyer sees the actual difference.
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