What should I pay off first: my mortgage or my credit card debt?

Debt, Real Estate
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November 2017
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Focus on paying off the credit cards first. This type of consumer debt is considered "bad debt". A mortgage would be considered "good debt". The two main differences would be that you can deduct mortgage interest from tax liabilities and they are typically a fraction of the rate on credit cards. With that said, you should consider converting your credit card debt to a HELOC (home equity line of credit) and then chopping up all of your cards except one.

Best of Luck!

Mike

November 2017
November 2017
November 2017
November 2017