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-   -   I have a mortgage and a home equity loan (https://www.askmehelpdesk.com/showthread.php?t=678826)

  • Jul 4, 2012, 11:50 AM
    stougas
    I have a mortgage and a home equity loan
    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
  • Jul 4, 2012, 12:16 PM
    ScottGem
    Always pay off the higher rates first.

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