What is the best long term decision
We have been waiting so long for a house and want one. Now that interest rates are dropping it is more possible. We arent sure whether to pay off loans first or just get a dream home sooner. My wife and I both have student loans. 180k for me and 25k for her. I have 40k left on a car. She has a lease for $400 a month. Rent right now is 3k in HCOL. My take home income is 186k with her at 70k take home. Savings are 100k approx combined. We are contributing to 401k and roth. We make great money now but came from poor families with bad financial habits. Trying to make up for it now. Our new incomes have only been there for 2 years. Before making 60k each. Student loan interest is approx 5.8%. My car is 4.8%
Is it a good time to buy or better to pay off loans