- August 2, 2008 at 7:10 am #261029
We are “planning” on moving next spring (if our home sells). If we
rent (hopefully we can find a place that won’t care we have 5 kids
and a dog..hmmm) 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 you either
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.
On one note we are moving to a new area. My husband is visiting
Arizona the northern area, central and southern in 1 week trying to
find the ideal area. It is possible even if we bought a home that we
may not like the area once we stayed there. That is why I think
renting might be a better choice, as we are not stuck somewhere. We
could also buy land after we pay off the student loans and pay that
off and build a house just what we want (modest but including all the
attributes we would appreciate).
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