Paying down your mortgage is a great way to build your financial future.
Once you have a complete picture of what you owe and what that costs you each month you can decide if that is the right priority at this moment in time.
When you are ready, list all your debt with
Balance owed. Interest rate. Minimum Amount due each month. Amount you pay each month.
List it in 3 orders: Highest to lowest balance. Highest to lowest Interest rate. Highest to lowest minimum payment.
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Once you have a complete picture of what you owe and what that costs you each month you can decide if that is the right priority at this moment in time.
When you are ready, list all your debt with
Balance owed. Interest rate. Minimum Amount due each month. Amount you pay each month.
List it in 3 orders: Highest to lowest balance. Highest to lowest Interest rate. Highest to lowest minimum payment.
That will help you prioritize debt pay off order.
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