Pareia0408 t1_jduhtdn wrote on March 27, 2023 at 8:21 AM Reply to Preparing to buy our first home by [deleted] I'd agree with aggressively paying off the loan you have - don't take a new loan to pay off other loans. Your best option is to have no more loans / debts leftover when you want to buy your home so you can have a savings fund put aside. Speaking from experience of using the loan to pay for other loans it was a snowball effect for the worst. Permalink 2
Pareia0408 t1_jduhtdn wrote
Reply to Preparing to buy our first home by [deleted]
I'd agree with aggressively paying off the loan you have - don't take a new loan to pay off other loans.
Your best option is to have no more loans / debts leftover when you want to buy your home so you can have a savings fund put aside.
Speaking from experience of using the loan to pay for other loans it was a snowball effect for the worst.