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Universe789 OP t1_jeg0jhj wrote

Reply to comment by alecp in Pay off margin, pay down loans, save, or leverage? by Universe789

I'll have to look up the interest Raye for the margin, but the interest charge is about $21/mo.

HELOC is at 2% right now until later in the year, them it will match the prime rate.

Primary mortgage rate is 3.75%.

The interest on all of the other loans range from 5%-18%.

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alecp t1_jeg0s6w wrote

I think the preferred strategy would be to tackle the loans from highest percentage to lowest first.

Only once you have all loans >4% eliminated, then save and invest.

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