Loans vs. Savings

[Jarred S.]

Although it is not as bad as some college graduates I have acquired my share of student debt. My question to BP: is it more beneficial to save cash as a down payment on a first property or start cutting in whatever I can to my student loans to reduce my student debt. Just a but curious. I know DTI ratio is important when financing but is there a certain mark banks look for? Any response would be greatly appreciated.

[Nathan Emmert]

I believe most of the cutoffs are around 45%.

Unless your DTI is terrible, I would refinance my student loans to the longest terms possible. Mine are fixed rate for 30 years at under 5%. I have no intention of paying them off early.