A Financial Question.

Discussion in Mortgage & House Payments started by ptahm22 • Jan 31, 2017.

  1. ptahm22

    ptahm22Active Member

    Dec 8, 2016
    Likes Received:
    So, a financial question. A certain guy's average net about 9k a month. He currently owe 45,000 in credit card debt with 0% interest on balance transfers (he has 150000 in credit available). He has about 40,000 in checking and savings. He wants to buy a house costing about 350,000. That will require about 25,000 down and will cost about 2500 a month. So, if you were this guy, how would you attack the CC debt and at what financial point (amount of money in checking and savings, credit card balance) would you go forward with The House purchase.