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Should you use extra money to pay off your student loans or put it toward a larger house down payment?

Ross Pratt

in Student Loans

1 answer

1 answer

Megan Page on October 30, 2018

Do the math and see where the most benefit would be, taking into account the interest you would be paying. A higher down payment can make a difference in the house payment, which allows you to to put more on your student loan. However, if you have extra money, it may be better to put some of them in a rainy day fund. Finally, as an owner of the house, that will save you borrow money for a repair.

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