Choosing Between College or Homeownership May Be Less of a Struggle for Borrowers Working With AFBC
EMERYVILLE, Calif., July 17, 2018 (Newswire.com) - Money doesn’t go as far as it used to for many things, even within just the last decade. For numerous Americans, it then comes down to choosing some things in life over others, especially the more expensive things. American Financial Benefits Center (AFBC), a document preparation service company, assisted student loan borrowers in applying for income-driven repayment programs, so more options in life may have been considered affordable.
Commonly, loans of some kind are taken out for both buying houses and for attending college. Paying both student loans and home mortgages can be difficult. For some, it may even be impossible. People now might have to choose between attending college and aiming for a degree that might be able to help them get a job that can help with paying off their student loans or buying a house and starting to pay off the mortgage as soon as they can. “A lot of emphasis is placed on people becoming homeowners - many people talk about how they can’t wait to stop renting an apartment and move into their own house. But with the housing market the way it is, for many individuals and families, it might become a balancing act that may not be possible for them to handle - trying for both a higher education with student loans and paying off mortgages,” said Sara Molina, manager at AFBC.
Being a homeowner comes with its own unique set of challenges, but for many people, it is a dream. However, so can be attending college to get that much closer to a desired occupation. “AFBC wants to help borrowers live their life to the fullest. Being enrolled in an income-driven repayment program likely has given borrowers more financial chances towards other opportunities, some of which may have been aiming towards homeownership. It’s our goal to help our clients and keep them on track with the repayment programs, so that they may better focus on other goals in life,” said Molina.
A lot of emphasis is placed on people becoming homeowners - many people talk about how they can't wait to stop renting an apartment and move into their own house. But with the housing market the way it is, for many individuals and families, it might become a balancing act that may not be possible for them to handle - trying for both a higher education with student loans and paying off mortgages.
About American Financial Benefits Center
American Financial Benefits Center is a document preparation company that helps clients apply for federal student loan repayment plans that fit their personal financial and student loan situation. Through its strict customer service guidelines, the company strives for the highest levels of honesty and integrity.
Each AFBC telephone representative has received the Certified Student Loan Professional certification through the International Association of Professional Debt Arbitrators (IAPDA).
To learn more about American Financial Benefits Center, please contact:
American Financial Benefits Center
1900 Powell Street #600
Emeryville, CA 94608
Source: American Financial Benefits Center