[Louis G]

...into savings? I am planning on selling my house in the near future and moving into a larger one. My family is growing and we need the space. I am not upside down on the mortgage, but I don't know what the house will sell for and after realtor's commission I don't think I will have much left to put down on the new house. I do have a fairly sizeable amount in savings to help with the down payment. I have an additional amount of money that Will be coming at the end of the year but I am not sure what to do with it. It's enough to pay off my car ( financed at 2.9%).I have no credit card debt. Should I pay off the car with this money, put it into my mortgage to lower the balance, or just put it into savings to use when I buy the new house? I need to sell my house before i buy the new one. Can't afford to pay two mortgages at once.Savings is earning me only about 2% in interest. My mortgage is fixed at 5.25% ( but mortgage interest is tax deductible..)I do have a 6 month emergency fund and I don't plan on touching it. I'm already contributing 6% to my 401k ( which is what I need to contribute to get the maximum employer match)