Submitted by TheNobleNorwhal t3_11blbin in personalfinance
Currently I live in a townhome my wife and I got with a 3.25% interest rate on the loan. This is more of our starter home as we plan to purchase a single family home in the future. We have since opened up a savings account where we throw any extra money into to be used to purchase a single family home. Would that money we are putting into that savings account for a new home be better used to pay down the loan we have already with our current townhome?