Re: Get rid of home equity or car loan?
This is just me, but I would have paid both off. Your overall liabilities isn't the only thing that will improve by doing this, but your overall monthly budget as well. Not having to pay two additional bills each month would help ease things, no?
Also 90k is way too much too be put in a savings with only 3-4%. 5% minimum is what I would aim for at this point in time.
As for the second vehicle, I would try to find a way to make do without it. However, if you do decide to get one, I agree with paying it off in cash.
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