Does the entire debt become nondischargeable when commingled with nondischargeable student loans? If so, I want to invest in his co.! And anyone who takes such a loan is a fool…
Basically looks like a,zero down home loan..
I’d pay off my student loan debt first, since the total down payments required is about equal to the payoff amount of student loan. You’ll be unlikely to get as good a return on the house as you would from the imputed return just by paying off the student loan. If your student loan is at 7 Perc, you’d need to make 10 percent return pretax. Your house is not going go up 10 percent a year for the life of your student loan. Therefore this is for suckers…but I love the concept. I need to devise a product based on either instant gratification or sugar consumption. Those seem like two can’t lose bets…
I would tell my kid to pay down the high interest student loan first and save up after that to maximize his,strength for financing down the road