I don’t remember calculus very well so I cannot substantiate the logic of interest rates and whether I might overpay my loan and sign off more than is necessary. Does this happen in the real life? Are others also wary as well? Thanks.

Not credit counseling, but debt consolidation loan. Can’t find any excellent info on the web, so your educated opinion would be helpful. What are credit requirements, home equity requirement, debt service ratio and other factors?
If you know a excellent resource that would be very helpful as well!!
Thanks.

Should I pay off credit card or car loan?

I have a car loan with 2 years left on it. 10,500 balance and payment of 480 per month. I believe the interest rate is 8.5%. Car is a 2005.

I have a credit card with 7800 on it, with interest rate of 13.5% I dont recall the minimum but I usually pay 400 a month, although I think the min is just over a 120 bucks.

Anyway, I have enough cash to pay off one of these debts. What is the better route to go?

Background, I can afford to keep paying the above amounts, but with mortgage, kids, etc, its becoming a pain. I just want a little more freedom, and am completely sick of car payments as I just last month finally paid off a 2005 Truck as well.

Thanks and take care,

However, they are going, you don’t know where the three mortgages are the higher interest rates. it is not there seems to be useful. Choosing a specific period Should I pay off credit card or car loan? and the loan period.

I have made a simple mortgage calculator which will work out the mortgage payments for a specific loan to value (5%, 10%, 15% down etc) and it will add mortgage insurance and calculate the income required. How do i add a formula which will work out the mortgage insurance for any down payment amount. i'm [...]