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re: Which loan to pay off first?
Posted on 3/28/15 at 11:56 pm to Stingray
Posted on 3/28/15 at 11:56 pm to Stingray
quote:
Student loans at about 4.1% or house loan at about 5.2%?
I'd pay extra to the house note, although you aren't talking about a life-altering decision either way.
It isn't so much because the house note has a higher rate, it's because since you plan to sell in a couple of years. A guaranteed 5% return for two years is a hell of a deal these days.
1
Posted on 3/29/15 at 11:18 am to foshizzle
quote:
A guaranteed 5% return for two years is a hell of a deal these days.
I hear ya. But if it's money that would have gone to student loans instead, it's just an improvement of 1.1%, so I was wondering if some other factor in this decision was more important.
Posted on 3/29/15 at 12:35 pm to Tigerpaw123
quote:
Student loans are forgiven with your death, so there is that
Pretty sure a lot of loans are that way
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