USA Best order to take out multiple loans

Dec 2, 2019
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United States
I'm coming upon a situation in 2020 where three loan applications might converge: a mortgage (first house), an auto loan (new car), and co-signing a personal loan to help my other half (not yet married) pay down some debt ... college loans, credit cards, etc. My credit is in the excellent range, hers not so much. I know this makes me as responsible as her to pay it back, no matter what happens between us.

I consider myself to be a pretty good saver ... 2x my salary in the bank, 401(k) going, making almost six figures a year. But with interest rates being low, and the money I do have saved generating returns, I feel like now's as good a time as ever to borrow some cheap money so I don't touch my principal.

The question: What would be the best order in which to apply for and take these loans. My thought was highest amount to lowest amount, but we'd really like to get the personal debt paid down quickly. Does the order matter? Is it ultimately just a percentage of worth irrespective of which order the loans are applied for? Should I tackle part of these needs with cash? Any thoughts and advice would be appreciated!


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