Re: should you pay off a car loan before mortgage?
There's still no word on the interest rates. Those of you who instantly chose "Pay off the truck": Would you rather put your money in a 1% savings account or a 5% savings account?
If you choose paying extra on a 1% truck loan instead of a 6% mortgage (5% after tax deduction), you've chosen a 1% savings account over a 5% savings account.
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