<prompt> Human: Well long story short I am in the military and i would like to buy a home. Unfortunately i still owe 160k in private student loans from college. I graduated in 2008. Since graduating i have paid off 80k of the 240k in student loans. My interest is capped at 6 but my wife and i are getting ready to have a child within the next two years. I am 32 now and it just seems that if i dont buy anytime soon i wont ever be able to. Its pretty frustrating that i have thrown away over 150k towards rent and still have nothing to show for it. I recently applied for a mortgage but was denied due to debt to income ratio. Thoughts? Is this something i should be worried about or is renting forver just going to be the way i have to do this? Any insight on how to tackle the problem would be greatly appreciated. Thanks!  <response>: Youre not throwing away money on rent - youre getting something valuable in return. That 240k in training on the other hand...Cant help much without knowing your income. 