Jan 4 2015, 02:05 PM
QUOTE(homosapien8888 @ Nov 10 2014, 06:36 PM)
hi , my debt is about 1 million, hope to get advice from sifu here
i got 50k cash now, how should i use it now?
house 1 , debt 443k installment 2600/month , interest rate blr-2.3 - no rental
personal loan 41k, 24 month now left 18 month , rm1815, interest 3.13%
house 2, debt 460k - DIBS, will need to serve the installment 1Q 2015, installment about 2.1k a month, BLR-2.4
car loan , 100 k , interest 2.48 % monthly installment 1874, 5 year,
how should i restructure my debt?
my income to debt ratio is 90 % at this moment
You didn't provide info on your job/income status, so here is general advice: pay off personal loan, liquidate house 1, generate rental income from house 2 and get a cheaper car, leave cash untouched for emergency usage, this should improve your cash flow.i got 50k cash now, how should i use it now?
house 1 , debt 443k installment 2600/month , interest rate blr-2.3 - no rental
personal loan 41k, 24 month now left 18 month , rm1815, interest 3.13%
house 2, debt 460k - DIBS, will need to serve the installment 1Q 2015, installment about 2.1k a month, BLR-2.4
car loan , 100 k , interest 2.48 % monthly installment 1874, 5 year,
how should i restructure my debt?
my income to debt ratio is 90 % at this moment
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