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Can I afford to buy a home if I have student loan debt?

Curious about Home Affordability

Can I afford to buy a home if I have student loan debt?

Yes, it is possible to buy a home if you have student loan debt. However, your ability to do so may depend on a variety of factors, such as your income, credit score, debttoincome ratio, and the amount of your student loan debt.

It is important to remember that buying a home is a major financial commitment, and you should carefully consider your current financial situation before taking on additional debt. You should also consider the additional costs of owning a home, such as property taxes, maintenance and repairs, and homeowners insurance.

If you have student loan debt, it is important to make sure that you can comfortably afford both your monthly mortgage payment and your student loan payment. You may want to consider working with a financial advisor to help you create a budget and develop a plan for managing your debt while also saving for your future financial goals.

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