<prompt> Human: Hi Personalfinance!I have some questions, but first a little background about my current financial situation.I have six figures of student loan debt and I currently make 58K, about 50 of my monthly income go towards paying back the loans. I have a credit score in the 700-750 range. While I am looking to consolidate the loans, I have managed to save quite a bit of money for the next stage of my life. Im thinking about purchasing a house and Im told I need to be preapproved before I can even start looking.Now for the questions, How does this affect my credit andor credit score?If Im denied for any amount due to student loan debt, whats my next move?Is preapproval absolutely necessary?Any other additional information is greatly appreciated!Thanks PF!Edit: what is and how does your FICO score helphurt?  <response>: You CAN NOT afford to buy a home if the 50 is a minimum payment! You need to take that money youve been saving and pay down your debt. Youve been costing yourself money because at over 100k the interest is insane Im sure. Pay off your debts with as much force as you can if you have a stable place to live. Buying a house means so many more exo exo than you think. You cannot afford it right now. Even if you did get it, the stress of being beyond broke would be too much. You will never get ahead. Pay off the loans based on highest interest and highest amount. Be debt free, then worry about the house. Imagine getting a house with no other debt! 