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Need opinion: Let's say you have 20k cash..

Posted on 7/29/15 at 2:08 pm
Posted by Tshiz
Idaho
Member since Jul 2013
7598 posts
Posted on 7/29/15 at 2:08 pm
Basically your life savings at this point. 26 years old and right at 30k for student loans. Potentially buying a house soon.

Better to keep the cash for a house and balance on loans? Or pay off 2/3 of loans and finance the whole house.

I'm assuming it's better to get rid of the higher interest rateson the loans but I know cash is needed for a house.

Thoughts?
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 7/29/15 at 2:12 pm to
What's the loan rate
Posted by SouthOfSouth
Baton Rouge
Member since Jun 2008
43463 posts
Posted on 7/29/15 at 4:08 pm to
definitely pay off the 11% loan crazy!
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