Why is it important to buy a home?
If you have any extended student loan, you can make some space for a mortgage. This can also help you to save money and buy a home later.
In fact, from the first glance, affording a home with a Federal Housing Administration-insured mortgage might seem to be impossible, especially if getting it with a small down payment, and besides professionals add that lenders want to see emergency savings, too.
But it is financially very smart to get your own house when you still can manage your mortgage payments, as if you compare what you would pay in rent it is a true phrase that "you are sure that you will stay there a few years."
A lot of young adults, according to the investigations, have to be easy to move for a new job anytime when it's needed. That is why many of them decide that they do not need a home right now and prefer to extend their student loans.