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Reply to "WWYD - Student loan payoff versus savings"
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[quote=Anonymous]Presuming the interest rate on your existing mortgage is lower than the student loan, I would focus on exterminating the student loan debt. That is a pretty high rate given what mortgages go for these days, so I'd be inclined to rid myself of it before I jump into a new mortgage, then I'd focus on the downpayment for a new home, which should build fairly quickly if you've then freed up $3700 a month for savings once the student loan is gone.[/quote]
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