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-   -   Should I put money in the mortgage or in the car credit (https://www.askmehelpdesk.com/showthread.php?t=416533)

  • Nov 16, 2009, 01:44 PM
    raserran
    Should I put money in the mortgage or in the car credit
    I have some money and want to know where is better to put it, in the mortgage or in the car debt? Thank you very much for your help.
  • Nov 16, 2009, 06:02 PM
    Fr_Chuck

    What are the interest rates ?
    How much is owed on each,
    How much is there to pay on?
  • Nov 16, 2009, 06:42 PM
    raserran

    Mortgage, 6%; car 6.5%. I owed $250,000 on mortgage, and $15,000 on car. Thanks.
  • Nov 16, 2009, 07:02 PM
    Fr_Chuck

    And how much do you have to pay toward something.

    Idealy you pay off the car completely as fast as possible and then start putting the money you were making on the car payment onto the mortgage to pay it off a lot faster.

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