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Updated about 4 years ago,
Came upon some cash: Pay off auto loans or HELOC?
I just came upon some cash and was wondering if it would be better to pay off my 2 auto loans ($55K @ 3.00%) to decrease my debt/income ratio and therefore allowing me to borrow more money. Or, take that $55K and pay down on my HELOC (Balance on the HELOC is $280K @2.74%) so I have more buying power? Any suggestions?