When deciding whether to pay off your current house loan while waiting for the completion of your EC, there are a few things to consider.
- Financing: Consider the financing options available to you. If you're able to refinance your current house loan to a lower interest rate, it may make sense to pay it off while you're waiting for your EC to be completed.
- Cash flow: Consider how paying off your current house loan will impact your cash flow. Will you have enough money to cover your living expenses and any other debts you may have?
- Timing: Consider the timing of when you plan to sell your current house and when your EC will be completed. It may make sense to pay off your current house loan if you plan to sell it soon after your EC is completed.
- Your personal financial situation and goals. It's important to consider your personal financial situation and goals before making a decision. Consult with a financial advisor to understand the best course of action based on your circumstances.
Ultimately, it's important to weigh the pros and cons and consider your own financial situation and priorities before making a decision. It's always a good idea to consult with a financial advisor to understand the best course of action based on your circumstances.
This is just my personal opinion. All the best!
When deciding whether to pay off your current house loan while waiting for the completion of your EC, there are a few things to consider.
Ultimately, it's important to weigh the pros and cons and consider your own financial situation and priorities before making a decision. It's always a good idea to consult with a financial advisor to understand the best course of action based on your circumstances.
This is just my personal opinion. All the best!