Ok what does everyone think

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Ok what does everyone think

Postby tompy on Mon Feb 22, 2010 6:29 pm

Hi there,

Long time lurker first time poster :D
Looking I guess for some direction/advice/other peoples experience on this matter.

I reside in VIC and in the future looking to purchase my first home to live in. I have taken on a second job (short term only) to get rid of credit card and personal loan debts thinking that after these are gone that I can use the money I currently put on them towards my house deposit. Now I am pondering if this is the best way to do this? Is it better to get rid of debt first or should I be putting this "2nd job" money to my deposit and leave the loan at the regular repayment will take approx another 2 years to pay off.
Also can anyone recommend a good medium risk investment for my home loan deposit $$ to possibly increase it a little quicker

Thanks for reading
tompy
 
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