Long time lurker but 1st time poster and I am asking for some advice on what you would do in this situation. I have about 15k to pay off some debts, which one would you pay off first and why?
Here's what i owe:
Mortgage: 15 year fixed 5.875% rate= $120k remaining (original loan 130k, 13.4 years left)
Student Loan: 30 year 4.75% rate=21k remaining (original loan 90k, 27 years left)
Car 1: 5 year 3.85% rate=31k remaining (original loan 32k, 58 months remaining)
Car 2: 4 year 2.90% rate=9k remaining (original loan 25k, 19 months remaining)
I finished school about 3 years ago and have been very aggressive in paying off my student loans. However, should i be aggressively be paying down my mortgage since the rate is the highest? Common sense would tell me yes, but self fullfillment would be for me to pay off my student loans first. What do you think?
Thanks for your advice!