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Hi there, some info:
Student loans (private and consolidated): ~29.5k at 3.55% interest rate
Mortage: ~429.5k with about 15% equity at 6.625% interest rate
I know know the traditional advice is to pay down student loans first followed by mortage, however I'm wondering if I should be paying my mortage (the higher interest rate) at the very least until my mortage insurance falls off. Mine can fall off at the 1 year mark, and it feels like the numbers say that's the smarter thing to do but all advice online says pay the mortgage last. Does that still apply here? What would be the reasoning for continuing to do that? Thanks in advance!
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