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Gifted $50k for new home construction; should I pay off debt?
Gifted $50k for new home construction; should I pay off debt? Family member gifted me $50k to reduce the overall principle loan amount, which makes our monthly payment lower. I have $15k in student loans, and a small car loan of $4500. Should I pay off the student and car loan off ($20k) and have $30k left to apply towards the house? Back story of the house: It's a new construction. We fronted $100k when ...
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