Hi all. This is my first post and look forward to contributing. I have $11,000 in cash and would like to use the money to pay towards car or mortgage debt. I do not have credit card, student loan, or any other type of debt. Here are the details.
1. Age: 41
2. Mortgage balance: $133,500 (I have been making extra payments for about three years)
2a. Time left on loan if no additional payments: 115 months (9 years 7 months)
3. Home equity ($250,000)
4. Mortgage interest rate: 2.117
5. Car Balance: $40,200 (BMW)
5a. Time left on loan if no additional payments: 52 months (4 years, 4 months)
6. Car Interest Rate: 5.99
Overarching objective is to be debt free by age 50.
1. Age: 41
2. Mortgage balance: $133,500 (I have been making extra payments for about three years)
2a. Time left on loan if no additional payments: 115 months (9 years 7 months)
3. Home equity ($250,000)
4. Mortgage interest rate: 2.117
5. Car Balance: $40,200 (BMW)
5a. Time left on loan if no additional payments: 52 months (4 years, 4 months)
6. Car Interest Rate: 5.99
Overarching objective is to be debt free by age 50.
Statistics: Posted by josemnz83 — Sun Aug 04, 2024 7:40 pm — Replies 7 — Views 556