Whats my best way to save for a home with a car loan?

  • Thread starter Thread starter Caroline B
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Caroline B

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Heres my situation I have managed to save approximately $5500 for a home and I have another $2800 on its way from my tax return and I want to start looking this summer, also I owe approximately $10000 at 5.9% interest on my car. Would it be in my best interest to pay off the car loan, try and combine the loans if I find a home and keep the cash for a down payment or for fixing up my house or maybe to keep the loans seperate and wait and see what I find first? I have excellent credit also if that helps. Thank you for any help you can provide.
 
I think it's not a good idea to combine these loans. I'm sure it would be hard to pay both loans at the same time. I suggest that you finish first your payment for car loan.

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