| New physician, high income but high debt ... seeking advice |
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oldguy
Senior Member
Cash: $ 309.30
Posts: 1481
Joined: 21 May 2006
Location: arizona
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quote:
The student loans are split between 3 loans, at 4, 6, and 7%
The house is at 5%. We are in the process of finding out if we can refinance it.
You'll probably be able to get a <4.5% 30 yr fixed rate loan. If you have some equity in the house, pull that out and use it to prepay the highest interest loans - maybe the 7% SL? Keep the car loans, they are probably <5% and will be paid in just 3 or 4 yrs anyway.
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Mon Jan 02, 2012 10:12 pm |
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