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#297: Ask Paula – Should I Househack or Pay Off My Student Loans?

Afford Anything

George is torn between paying down his student loan debt (which he deferred) or buying a househack. I’m torn between paying down my student loan debt versus buying a househack. I have a total of $130,000 in federal student loans – $26,000 in my name, and $104,000 in my parents’ names. I don’t have any revolving debt.

Loans 67
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Despite headwinds, these mortgage companies are hiring

Housing Wire

Purchase-focused lenders that didn’t balloon in size to capture refinancing business during the boom, in particular, are looking to hire loan officers. WesBanco Bank , the second-largest bank headquartered in West Virginia, plans to hire at about a dozen loan originators in 20 major markets this year.

Mortgages 442
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Looking to Buy in Philly or Pittsburgh? Consider Down Payment Assistance in Pennsylvania!

HomeLight

With some loans requiring as little as 3% down, the initial down payment on the average home could be around $16,300. Coming up with that amount of money to spend on a single purchase can be daunting, especially for first-time homebuyers, who don’t have equity in an existing home. How much do you need to buy a house in Pennsylvania?

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#350: Ask Paula: How Much Should We Spend on a Wedding?

Afford Anything

We owe $220,000 on our house, at an interest rate 3.75% and have $110,000 in equity. We have two mortgages, with one being a rental home, and we have a car loan at just 1.9%. Gusto makes payroll, benefits, and HR easy for modern small businesses. Mike has $60,000 in cash earning one percent interest. We have no other debt.

HR 57
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Seven Predictions for 2023: The Grime Edition

Notorious ROB

Welcome to yet another edition of the Seven Predictions, sure to be wrong or your money back. Does not apply to VIP Subscriptions.) This is one of my favorite annual traditions around this time of year. For those keeping track at home, I just published my results from last year’s predictions , and my lifetime average is.374.

MLS 79
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House Republicans offer counterpoints to Biden’s housing proposals

Housing Wire

Because of the lack of housing inventory, the median home price has gone up too, by 27% just since 2020.” “These high prices are great for the current owners, but they’re difficult for anyone looking to move anytime in the near future as their equity is now worth more,” he said. “It Doubling the average monthly payment.

HR 424