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Which do i pay

which do i pay? i have extra cash, my primary mort is 6% fixed but only has 4 years to go, my equity loan has a balance of 38000 is at 3.5% variable with a cap of9%
Question asked by: donmajor

Asked on: 23 Jan 2010

Best to talk to a financial adviser with these sorts of calculations who can work out the best financial plan for you.

Although it is easy to work out the relative pay offs there could be other factors to be taken into consideration when working out the preference to be given to different financial commitments therefore talking to an experienced person in these matters who is qualified to give advice might be best! Unless you trust people on the internet to give the right answer ;-)

By: knowitall
Replied at: 24 Jan 2010
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