<prompt> Human: Hi everybody! Have been lurking in this subreddit for a while, and Ive seen some similar situations, so figured this might be a pretty useful place to start...So, as the title says, my wife and I have gotten 30k from my in-laws in the form of 3 separate checks, which we have yet to deposit. Were trying to figure out the best way to use this money, and the biggest things that stick out to me at the moment are:-Mortgage on a condo in Chicago 135,768.43 at 3.125, in the last year of a 51 ARM-Student Loans: 33,157.71 at 4.5Any thoughts on how I should allocate this money towards these things? Or should I use them towards something else?Thanks in advance for any advice!  <response>: You follow the Prime Directive in the last year of a 51 ARMOuch. You are about to be in a lot of pain. Id be looking into refinancing, actually. It might be worth it, if closing isnt crazy. Doesnt hurt to get a quote, especially if you start with the bank currently holding it. 