Many people who take out student loans wonder if they will ever be able to own their own home. The good news is that it is possible to buy a house while you have student loan debt. However, there are a few things you need to know before you start the process. First, you will need to get pre-approved for a mortgage. This will give you an idea of how much home you can afford. Then, you will need to compare your monthly student loan payments to your potential mortgage payment. If your student loan payments are relatively low, you may be able to qualify for a home improvement loan. This type of loan can be used to cover the cost of improvements, repairs, or closing costs. With a home improvement loan, you can make your dream of homeownership a reality.
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Now that you’ve decided it’s the right time to buy a home, it’s time to get started on the home-buying process! But don’t start house hunting just yet. Doing some prep work on the front-end will ensure your home search goes smoothly and can save you some major stress. And that prep work starts by searching for the best mortgage.
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