I can pay packet rotten my fixed rate mortgage, 5% at $267k. I own 100k of other debt at same or complex rates.?
Other debt is education at fixed rates 30k at 4.75 and 30k at 6.5, 25k of credit card fixed at 5.8
Answers:
If I read what you are asking correctly , you enjoy At least 267K Right? and you are asking what would be the best possible avenue for you to seek as far as paying stale debt. Ok Paying off debt is always a great causeway to take and it is the one we all should strive for ..But I voice in your case if you own a large chunk of money than you should pay down debt to a acceptable point. Then I would suggest that you make your money work for you. In other words seek investments that yes may own some risk as any investment does but has the potential to return a monthly income that can service the debt you have. The days of paying everything stale at once are gone as in the financial world of today it is important to not just pay off debt but to craft money work for you. If you need more help or information please write to me at billone44(a)yahoo.com
William Galloway
What is the request for information?
Some would tell you to pay bad the highest interest first, and the education and mortgage loans later since you can use that interest for a tax credit (since you are paying interest anyway).
Another school of thought is to take the mortgage paid off so that your home can't be foreclosed on.
Another university of thought is to use the cash you have to get rid of as many loans as possible so that you have a smaller amount to manage and apply the amount you were making surrounded by monthly payments on those completely added to eliminating the next loan within line.
Personally, I think adjectives of these make sense in different situations but simply you can decide.
Good for you. What is your question?
///
Hi,
I used "Credit Solution" to settle my debt and restore my credit score.They managed to run down my debt up to 58%.It's legitimate.I came accross this company on NBC News Special Edition.Check it out here:
http://www.jdoqocy.com/click-1813149-10467845
Go to: http://www.credit-card-gallery.com/calcu… and calculate your credit card debt payoff.
Related Questions:
Shall I dance for a tracker or fixed rate mortgage, within the current climate? ?
I am a first time buyer and have a 50% deposit. feel tracker mortgages are being pulled - well like mad of them from what i have heard. it depends on you and what you would prefer -...
Answers:
If I read what you are asking correctly , you enjoy At least 267K Right? and you are asking what would be the best possible avenue for you to seek as far as paying stale debt. Ok Paying off debt is always a great causeway to take and it is the one we all should strive for ..But I voice in your case if you own a large chunk of money than you should pay down debt to a acceptable point. Then I would suggest that you make your money work for you. In other words seek investments that yes may own some risk as any investment does but has the potential to return a monthly income that can service the debt you have. The days of paying everything stale at once are gone as in the financial world of today it is important to not just pay off debt but to craft money work for you. If you need more help or information please write to me at billone44(a)yahoo.com
William Galloway
What is the request for information?
Some would tell you to pay bad the highest interest first, and the education and mortgage loans later since you can use that interest for a tax credit (since you are paying interest anyway).
Another school of thought is to take the mortgage paid off so that your home can't be foreclosed on.
Another university of thought is to use the cash you have to get rid of as many loans as possible so that you have a smaller amount to manage and apply the amount you were making surrounded by monthly payments on those completely added to eliminating the next loan within line.
Personally, I think adjectives of these make sense in different situations but simply you can decide.
Good for you. What is your question?
///
Hi,
I used "Credit Solution" to settle my debt and restore my credit score.They managed to run down my debt up to 58%.It's legitimate.I came accross this company on NBC News Special Edition.Check it out here:
http://www.jdoqocy.com/click-1813149-10467845
Go to: http://www.credit-card-gallery.com/calcu… and calculate your credit card debt payoff.
Related Questions:
Shall I dance for a tracker or fixed rate mortgage, within the current climate? ?
I am a first time buyer and have a 50% deposit. feel tracker mortgages are being pulled - well like mad of them from what i have heard. it depends on you and what you would prefer -...