Mortgage v CC debt

[avaylee]

Right now all of our CC debt is either at 0% or 3.9%. This is lower than our mortgage rates. We've been putting extra towards the mortgage, but now I'm thinking it would be better to put it towards the CC? We're planning on transferring the balances to another introductory rate when these expire (Aug 2010).

Is there a reason it is better to pay off CC v. mortgage, rather than just looking at all of our debt collectively and going for the higher interest rate loans first?

[fek&fuzz]

http://www.whatsthecost.com/snowball.aspx?country=us

Here's a cool calculator to play with figure out what the long term cost is to paying more on one versus the other.

[avaylee]

Oh sweet... thank you! That's exactly what I was looking for.

And... GO SOX. (I ~heart~ Papelbon)