Student-loan debt often makes it tough for young people to buy homes. But some new programsfrom mortgage-market giant Fannie Mae, as well as from a handful of statesaim to make that easier.
College graduates with student debt are less likely to buy a home than graduates without debt, according to a recent study from the Federal Reserve Bank of New York. For starters, paying off student loans can make it more difficult to save enough cash for a down payment. Then, even if potential home buyers have saved enough to put down, student loans affect their debt-to-income ratio, which can make it difficult for them …
Read the full article at: https://www.wsj.com/articles/help-for-home-buyers-burdened-by-student-debt-1497233220
