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Buying your first home before 30

We used your questions and comments as inspiration to talk about 2 things that especially concern young adults when it comes to housing.      

  1. I’d like to buy a home within 5 years, should I make sure to pay off my student loan first?

No. In fact, accelerated repayment is rarely advantageous because student loans are generally amortized over 10 years, the rate is low, and interest is tax deductible.

The debt you should prioritize is consumer debt (credit cards, lines of credit, personal loans, etc.). You can reconcile your big plans with debt repayment: Follow the guide.

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