- August 2, 2008 at 7:10 am #261041
I would pay off the student loans and rent an inexpensive place for a while. I believe your haouse is the last debt you should pay off-so get to paying off those student loans. Low interest or not, debt is debt!!
Original Message —-
Sent: Sunday, August 3, 2008 2:33:46 PM
Subject: RE: Budget101.com : Tough Question
10pt;color: teal;”>I would rent
the 1st year, then buy. Work on the student loans, but they are
rally low interest, so take your time with them – don’t rush paying
them off – maybe pay $50 extra a month. So really – I would go for
a deferred option # 1. 10pt;font-family: Arial;color: navy;”>
10pt;font-family: Tahoma;font-weight: bold;”>From: 10pt;font-family: Tahoma;”>
Budget101_@yahoogro ups.com [mailto:Budget101_ @yahoogroups. com] On Behalf Of Nicole
Sent: Saturday, August 02, 2008
To: Budget101_@yahoogro ups.com
Subject: Budget101.com : Tough
12pt;”> 12pt;”>We are “planning” on moving next spring (if our home sells).
If we rent we could pay off our student loans in 3 years ($152,000) after the
sell of our current home, large sign on bonus and saving exvery month. Would
1. Put a down payment on a home and buy, take several years to pay off the
student loan and about 10 years to pay off the house OR
2. Rent for 3 years and pay off the student loan, then buy a home and try to
pay it off asap.
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