If your goal is to own a house, keep in mind that four in 10 first-time homebuyers are paying off student loans. So, buying a home with debt is possible.
If I hope to buy a house in the next year, how can I prepare my finances? What expenses should I minimize or avoid?
Most homebuyers prepare in advance by saving for a down payment, but the down payment is only one financial factor of many that buyers need to have in order before getting a mortgage.