[sweeps]

Lux, someone may kick themselves if they're still paying on a heavily depreciated car. But why hurt yourself even more by paying on a lower-interest loan just because you're angry about what the loan was originally for.

Extreme example: You have a 1% car loan on a car that's been completely junked -- you can't drive it anymore. Meanwhile you have 10% mortgage on a house that may or may not be appreciating. By putting extra money toward the car loan, you are wasting your money. You've made a bad situation even worse by missing out an opportunity of getting a much better return by paying toward your mortgage. In fact you'd be better off saving the money in a high-yield savings account than paying down the car loan.

Similarly whether you're moving or not should have no bearing on whether you pay toward a mortgage or HELOC or not. If you pay more toward the mortgage and then move, well then you have more equity. An exception here may be if there are limitations on refinancing or acquiring another mortgage, but that's another matter.