In the past five years, three different mortgage brokers have told Dylan Buust that his student debt will make it very difficult for him to get a mortgage for his first home.
The 30-year-old physiotherapist from Canberra has spent years madly saving for a deposit.
But after studying for two university degrees, his $80,000 HECS-HELP debt has earned him a warning from lenders.
“They say that it does significantly affect my borrowing capacity,” Mr Buust said.
“It’s not the size of the HECS debt that matters … but rather how long it will take to cut down that HECS debt.”
Canberra physiotherapist Dylan Buust says his borrowing capacity has been hurt by his student debt. (Supplied)
He’s now faced with a dilemma: does he pay off his HECS debt…
