Whats my best way to save for a home with a car loan?
Wednesday, May 12th, 2010 at
17:10
Heres my situation I have managed to save approximately $5500 for a home and I have another $2800 on its way from my tax return and I want to start looking this summer, also I owe approximately $10000 at 5.9% interest on my car. Would it be in my best interest to pay off the car loan, try and combine the loans if I find a home and keep the cash for a down payment or for fixing up my house or maybe to keep the loans seperate and wait and see what I find first? I have excellent credit also if that helps. Thank you for any help you can provide.
I make approximately 40,000 a year and am looking for a home priced around 100,000 maybe.
Auto Borrowing Associates
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US $11,000.00
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