I am a 58-year-old Black male with a student loan debt of $593,000. Seriously. I have 4 degrees — B.A., J.D., M.Ed., M.A. — and I’m working on my last Ed.D. I am currently employed as an educator.
I would like to buy a house but to qualify is like a pie in the sky. I am working on a down payment of $12,000. But any mortgage company will tell me that they have to count 1% or .5% of my loan balance towards my debt. I would like to buy a house in July 2021. I’m currently renting for $1,390 per month. Any suggestions?
A well-educated prospective home buyer
I’ve got good news and bad news for you.
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