73-year-old Arizona woman aims to buy a house with no savings
A 73-year-old Arizona woman has no retirement savings and over $12,000 in student loan debt, yet she wants to buy a house.
She plans to pay off her student loan by March and is setting aside a modest amount each month for a down payment.
The median sale price of a house in Arizona is $423,681, requiring a 20% down payment of $84,736, which would take her until age 87 to save at $500 per month.