Advise on finance question

cimetiere wrote:
> Hi!
>
> Should I have 1K to reimburse a loan, should I give it to my mortgage which
> still has 20 years to go, or to my car loan which has 4 years to go? They
> both have 5.8% cost.
>
> Many thanks!
>
>

Definitely the mortgage. Most of what you pay over the years
is interest.

"mjc<DELETETHIS>13 13 @>" <"mjc<DELETETHIS> wrote in message
news:Jtw_g.132$%T3.53@trndny03...
> cimetiere wrote:
>> Hi!
>>
>> Should I have 1K to reimburse a loan, should I give it to my mortgage
>> which
>> still has 20 years to go, or to my car loan which has 4 years to go?
>> They
>> both have 5.8% cost.
>>
>> Many thanks!
>>
>>
>
> Definitely the mortgage. Most of what you pay over the years is
> interest.

The original poster already has a leg up on most people, who would consider
the extra $1K "A windfall", and go spend it immediately on something
(anything) "new". At least he's starting to whittle down his debt.