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Pay off house or cars ?
We have enough money to pay off two car notes, but only half enough to pay into the house. Is it better to pay off the cars and in turn use that money each month to pay off the house, or pay down on the house. Our interest rates are low on all expenses.
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shelter is more important than cars...
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work out what is more important to you, what you want most, but i think mayby the car because you will have that while you start paying off the house in the future, instead of paying for the house for as long as it takes and still waiting to get money for a car.
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I would pay off the cars. Cars depreciate in value so you will probably owe more than the car is worth throughout most of the loan. Then use the extra money to pay off the house (or save to replace the cars later without a car loan.)
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