Consolidating student loans affect credit score
You can buy a home, get approved for a mortgage loan, and still make good on your student loans.
This post discusses student loans and debt; and, is the next in a series meant to help first-time home buyers buy their first home and get approved for their first mortgage.
There are two types of debt consolidation loan: Debt consolidation loans that are secured against your home are sometimes called homeowner loans.
Many would-be buyers aren't even applying -- worried that their debts will make homeownership impossible.
The truth, though, is that homeownership and student debt aren't mutually-exclusive.
It's different to be a first-time home buyer as compared to an experienced one.
First-time home buyers often skew younger then the general home-buying population which means less work experience, lower income levels, and usually, less money saved for down payment.