The Investment Scientist

Posts Tagged ‘loan

images-16A client I visited shared with me that he is very burdened by his debts. He has a primary mortgage, a secondary mortgage and a personal loan. He asked me whether he should pay off the debts and in what sequence. That’s a fantastic question.

Here are the partial details of his debts (I’ve concealed the amounts).

  1. The primary is a 15 year fixed rate mortgage with a rate of 3%.

  2. The secondary is a 5 year ARM with a current rate of 2.5%.

  3. The personal loan has a rate of 5%.

Here are my recommendations to him.

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Author

Michael Zhuang is principal of MZ Capital, a fee-only independent advisory firm based in Washington, DC.

Twitter: @mzhuang

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