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View Full Version : I have a mortgage and a home equity loan


stougas
Jul 4, 2012, 11:50 AM
I have a fixed rate mortgage 6% and a variable rate equity loan now @ 2.5%. My equity loan amt is 2X my mortgage
Should I pay extra on. MY mortgage because of the higher interest rate or pay extra on the equity loan because the rate could go up at any time

ScottGem
Jul 4, 2012, 12:16 PM
Always pay off the higher rates first.