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alecp t1_jefwnhn wrote

What is the interest rate of the margin?

What is the interest rate of the loans?

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Universe789 OP t1_jeg0jhj wrote

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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