Saturday, August 5, 2017

I've saved 55k for a car. I also have a 83k 2nd mortgage. Use the 55k copay down the 2nd or on car?

I've saved 55k for a car. I also have a 83k 2nd mortgage. Use the 55k copay down the 2nd or on car? - 1
Added (1). My original plan was to pay off the car outright but now thinking about it, I wonder if I should use the 55k to pay down the 2nd? Ultimately what would. Be better?

55k auto loan @1.49% AND 2nd mortgage @4.38%

OR

Only a 83k 2nd @ 4.38%

Read more: I've saved 55k for a car. I also have a 83k 2nd mortgage. Use the 55k copay down the 2nd or on car?