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Updated about 3 years ago on . Most recent reply

Dominic Conway's profile image
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Dominic Conway
  • Member since Mar 11, 2019
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Dominic Conway's profile image
Dominic Conway's profile image
Dominic Conway
  • Member since Mar 11, 2019
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Dominic Conway
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4
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Starting Out

To buy or to payoff debt?

Dominic Conway
Posted

Hello,

I’m 31 and weighing my options on whether to buy or wait until I pay off my debts. I have 2 loans totaling to $20k. I make $90k 
a year and have saved enough for a 3% down payment on a home under $300k. The monthly payment on both loans combined cost me $600 a month. I feel like at my age if I can buy something I should but I also know the power of being debt free. Any suggestions or encouragement?

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