When I was adding all my Uni subjects to a Loan, I was young and stupid and didn't realise the consequences... so now I have:
UniLoan (HELP debt) of 40000 which goes up per GDP (1-2% variable per year)
and
Homeloan 230000 with interest of 2.88% (variable
Do I add extra payments to pay off my HELP debt asap and sit with the Homeloan on minimum repayments the benefit being I get more of my money back sooner.
Or, add extra payments to hoamloan to pay less interest over time, but slowly hack away at both till I'm old and gray?
Advice is appreciated.
Submitted July 05, 2021 at 04:22AM by Isodian https://ift.tt/3heQc48
