Student loan repayment from savings for a down payment on a house?
I am a recent graduate, I currently work full time and I am also a part-time student in the evening. I wonder if anyone advice on what is best, as far as repayment of student loans as my earlier versus saving for a down payment on a house. Here are some special features. I have about 18 to 20,000 in student loans, no money saved for a house here, but I’m looking forward to townhouse or condo (from 125,000 to 150,000 $ ) over the next 2-3 years to buy . Even if I’m ready to buy, I’m probably not the 20% for a down payment, but I could not from 10% to qualify for a mortgage 80-10-10. I am aware that the students a kind of “tax relief” for the interest they pay on student loans and it would be better to pay the minimum on student loans and save more or pay a deposit How many more affluent student debt and invest in the real minimum deposit? From what I know is a student debt is not really reflected in your FICO score (use something to people for loans, and so qualify). I’m in a position of entry level, so that $ 22.500 for the moment, but I could not for a promotion in the next 6-12 months due to make $ 40,000. I’m living at home at the time, my cost of living is very low, I pay to chip in about $ 200 per month for utilities, etc. Also, I get 75% of my tuition going for my employer for the remaining 25% is paid in full on my credit card if the bill comes from tuition. I paid very good credit because I beat a previous car, my payments on time on my current car, and tuition and to pay my credit card before rechtzeitig.Was for the best chance for a beginning a first home in 2-3 years? Better to save as much as possible in a normal economy account or is there to “save” a better way, that the money (other types of savings, etc.)? Thank you! (Sorry for the long question, but I think the more information the better)