Loan pay off prioritization

[usauae]

Finally cleared all my credit card debts.

right now us lo home mortgage and India lo home mortgage vunnayi. And savings antava inka start avvaledu. Should I start paying off India mortgage first ?(about 30k usd remaining) or us lo home mortgage pay off cheyyadam start cheyyala? (10*India loan) 

or rendu minimum required pay chestu emergency fund meeda focus cheyyala ? 
 

[galiraju]

1 minute ago, usauae said:

Finally cleared all my credit card debts.

right now us lo home mortgage and India lo home mortgage vunnayi. And savings antava inka start avvaledu. Should I start paying off India mortgage first ?(about 30k usd remaining) or us lo home mortgage pay off cheyyadam start cheyyala? (10*India loan) 

or rendu minimum required pay chestu emergency fund meeda focus cheyyala ? 
 

intrest edi ekkuava untey adi start

[Ryzen_renoir]

Just now, usauae said:

Finally cleared all my credit card debts.

right now us lo home mortgage and India lo home mortgage vunnayi. And savings antava inka start avvaledu. Should I start paying off India mortgage first ?(about 30k usd remaining) or us lo home mortgage pay off cheyyadam start cheyyala? (10*India loan) 

or rendu minimum required pay chestu emergency fund meeda focus cheyyala ? 
 

Definitely india's mortgage first because the interest rates are several times more  .

You can just keep paying minimum amounts for US mortgage loan if your interest rates are low enough and invest the remaining amount to get better returns

[Hydrockers]

5 minutes ago, usauae said:

Finally cleared all my credit card debts.

right now us lo home mortgage and India lo home mortgage vunnayi. And savings antava inka start avvaledu. Should I start paying off India mortgage first ?(about 30k usd remaining) or us lo home mortgage pay off cheyyadam start cheyyala? (10*India loan) 

or rendu minimum required pay chestu emergency fund meeda focus cheyyala ? 
 

India lo di clear cheyatame best kada kaka 

[pain]

9 minutes ago, usauae said:

Finally cleared all my credit card debts.

right now us lo home mortgage and India lo home mortgage vunnayi. And savings antava inka start avvaledu. Should I start paying off India mortgage first ?(about 30k usd remaining) or us lo home mortgage pay off cheyyadam start cheyyala? (10*India loan) 

or rendu minimum required pay chestu emergency fund meeda focus cheyyala ? 
 

i would recommend to save for emergency fund (6 months) then pay off mortgage

[usauae]

13 minutes ago, galiraju said:

intrest edi ekkuava untey adi start

 

13 minutes ago, Ryzen_renoir said:

Definitely india's mortgage first because the interest rates are several times more  .

You can just keep paying minimum amounts for US mortgage loan if your interest rates are low enough and invest the remaining amount to get better returns

 

8 minutes ago, Hydrockers said:

India lo di clear cheyatame best kada kaka 

India lo loan ki interest rate yekkuve but already chala years ga only minimum paying and max laagesadu kada yelagu anukuntunna. 
but smaller amout targeting is easy kada so first daani sangati chustha 

thanks bros. 
 

[usauae]

4 minutes ago, pain said:

i would recommend to save for emergency fund (6 months) then pay off mortgage

How about half and half bro? For instance 1k towards loans and 1k towards emergency funds ?

[nenevaram]

Pay off india mortage first..Also india lo teskunnava bank loan, if so what is the interest ? Interest rate edi ekkuva unte clear it off first. 

[pain]

42 minutes ago, usauae said:

How about half and half bro? For instance 1k towards loans and 1k towards emergency funds ?

Yes that should work based on your convenience. 

[idibezwada]

its not worth  paying off either...starting motham interest lagestadu elago...its better invest the same amount on index...that gives you a better return if you are still young

[rokalibanda]

1 hour ago, usauae said:

Finally cleared all my credit card debts.

right now us lo home mortgage and India lo home mortgage vunnayi. And savings antava inka start avvaledu. Should I start paying off India mortgage first ?(about 30k usd remaining) or us lo home mortgage pay off cheyyadam start cheyyala? (10*India loan) 

or rendu minimum required pay chestu emergency fund meeda focus cheyyala ? 
 

entha clear chesav baa

married or batchelor

[Joker_007]

If you are able to survive with same loan payments for next three years it is time to Invest.. if you pay your loans chances are more that you will be wasting money on un needed things, can be anything...  

Check with the Indian bank whether there is a Prepayment penalty or not,  Check how much Interest amount you are going to save when you close the Loan... if it is less than 5 lakhs then it is not worth it to close the loan, instead buy a plot in rural areas , if I was you I will do this

Will Look for rural area which I know better , have good contacts in that area, where the tourism will pick up in next 3-4 years or the area will expands in few years , I will not go for old school methods like near by railway stations, new roads, new airports etc.... 

 

[Joker_007]

Also I forgot if you close your India Loan,, check the registration process... it is going to be another headache... 

[Thefighter]

Invest that money in real estate in india ...Dont pay off any mortgage ...

[Kootami]

1 hour ago, usauae said:

Finally cleared all my credit card debts.

right now us lo home mortgage and India lo home mortgage vunnayi. And savings antava inka start avvaledu. Should I start paying off India mortgage first ?(about 30k usd remaining) or us lo home mortgage pay off cheyyadam start cheyyala? (10*India loan) 

or rendu minimum required pay chestu emergency fund meeda focus cheyyala ? 
 

first emergency fund and then pay off india 30k ... indian loans are chakra vaddi type.