Posts Tagged ‘pay off debts’
How to Pay Off Debts
Posted on: September 12, 2013
A 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).
-
The primary is a 15 year fixed rate mortgage with a rate of 3%.
-
The secondary is a 5 year ARM with a current rate of 2.5%.
-
The personal loan has a rate of 5%.
Here are my recommendations to him.
Firm | Youtube | Facebook | Twitter | LinkedIn | Newsletter
