Monday Market Update: Student Debt + Life Decisions [Infographic]
Student debt impacts housing - and so much more.
When applying for a mortgage or looking at homes, there is one financial factor that impacts nearly 43 million Americans*: student debt. While it’s no secret that education debt can weigh heavily in one’s DTI (debt-to-income ratio) when seeking a loan, a new infographic from NAR® reveals just how many other life decisions are impacted as well.
As you review the data above, we encourage you to focus on facts and not fear. Knowing the impact of student loans is the first step in being motivated to do something about it. Ask yourself which aspects of your own life are challenged by education loans – and start there. If you need a referral for a qualified financial advisor, tax professional or lender, please do not hesitate to reach out.
Remember This: You are so much more than what you owe, especially after making an investment in yourself!
Have a great week,
Bobbi Decker
DRE#00607999
Broker Associate
650.346.5352 cell
650.577.3127 efax
www.bobbidecker.com
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Bobbi Decker & Associates fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. For more information, please visit: http://portal.hud.gov/
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