For low-interest debt, such as mortgages and home equity loans, it is often more effective to make minimum payments and invest extra cash into low-risk investments like retirement accounts or mutual funds.

Authors

• Person: Not available Organization: National Foundation for Credit Counseling
  Debt Avalanche vs Debt Snowball - Best Way to Pay off Debt - NFCC

Sources

• Debt Avalanche vs Debt Snowball - Best Way to Pay off Debt - NFCC www.nfcc.org National Foundation for Credit Counseling via serper

Referenced by nodes (1)

• home equity loan concept