Quote:
Originally Posted by gmink21
This is an interesting topic! Here is my situation:
Home Mortgage $165k 5.75%
HELOC on Home Mortgage: $26k 4.25%
Rental Property Mortgage $130k 4.625%
Rental Property HELOC $35k 2.75%
CC Debt $20k 4%
Car $12k 5.5%
Student Loans $34k 3.25%
Land loan for 6 lot subdivison development $165k 4.75%
Grand Total approx $587,000.00
I think it is time to DE-LEVERAGE!
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If you sold your rental property/land you would knock out around $330K of your ridiculous $587k debt.