Asked by Erinwallace, Buffalo, NY • Sun Nov 6, 2011
We want to move in 18 months. What's Best? Paying off our auto loan & home equity loan within a year by putting all extra money towards it, then save for a down payment (est. about 9k would be saved) or putting all our extra money towards the down payment- which would be about 18-20k. Our current debt to income ratio is 22% & we would be looking at houses around 250k. Auto Loan/HE Loan would be payed off within 2-3 years with normal payments.
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