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slickwillytfcf5 karma

What exactly is Lewy Body Dementia? Does it effect people like Alzheimer's? Is it just assumed it's a different part of the body that's effected, therefore the different name?

slickwillytfcf2 karma

They say get rid of debt first because interest adds up quickly and takes a lot of money away from paying off the principle/savings. I can see why you want to get a mortgage that cuts your housing cost almost in half, but remember that you can't put 100% of that rent savings towards the debt. Owning a house brings about expenses that don't exist when you rent so that difference (at least most of it) needs to be stacked away.

I would pay off the debt with the bonus and here's why: with £200-250 going towards the debt every month you're looking at 24-30 months to pay it off. In that same time your interest alone will amount to somewhere between £2400-4500. If you take all that time to pay it off you're going to spend 50-65% more than you owe just in interest. Instead, if you pay it off now and save that £350/month you'll have £8400-10500 in the bank over the next two to two-and-a-half years.