Comments on: Should I pay off my Auto loan or Home Equity loan amount?

By: Alex

Alex — Wed, 19 May 2010 03:59:49 +0000

Make sure you have an emergency fund of a few months’ bills in case of job loss, medical emergency or car accident. Pay off the auto loan and put the rest toward the mortgage. As the previous answer said, mortgage interest is tax deductible. Then increase the monthly mortgage payment by the amount you were paying to the auto loan. You’ll have them both paid off early savings loads in interest. Once you’re debt free, you can worry about where to invest your money.

By: Boris T

Boris T — Wed, 19 May 2010 03:10:59 +0000

Its just that auto loans seem hard to get in hand recently. The websites places are easy to check and I have heard the are easier to quailify sometimes.

I suggest http://auto.deal4-you.com

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Bily — Wed, 19 May 2010 02:37:32 +0000

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By: Hoa N

Hoa N — Wed, 19 May 2010 01:44:33 +0000

If I were you, pay off the auto loan first.
Home equity loan, you could file tax deduction on the INTEREST

By: just-me

just-me — Wed, 19 May 2010 01:37:24 +0000

Pay off any that have a high interest rate.