Would appreciate some advice

[joeschmoe]

In short, I have saved 15,000 (after all closing costs) and am just now purchasing a new home. I have 8,000 in loan debt. Should I put a substantial part of this saved money towards loans, equity in home, and/or invest? I know this is limited information, but any help would be appreciated.

[Seth Watson]

Yeah that's some limited information no doubt. If you have extra money and you owe money on a HIGH interest loan, then it should be a no brainer. If the loan is at a good interest rate, aka can actually be paid off, then it's your choice. Depends on the return on investment you are going to get from whatever you use it for. If investing that is.

[Creditguard]

@joeschmoe: I think its better to invest and if you have good interest rate, pay your loan every month and invest your saving