<prompt> Human: Taking some steps to improve our financial situation and am curious on your thoughts on where to focus. Relevant Info:- Wife recently finished residency and started as a new Pediatrician at 130,000 per year. Shell be eligible for a few bonuses later on, will get a raise to 140k next year, and then will be based on RVUs after that. - I am mostly a Stay at Home Dad. I was working FT 52k, but was laid off this summer and we decided that I can just take care of the kid 7 months old. I do some odd jobs and will join the work force PT in the next year or so her schedule is a bit wacky at the moment- We dont many kinds of debt: own the cars, no CC, etc., just student loans and the house. - We have about 150k in investments mutual funds, mostly and another 50k sitting in our previous 401ks an issue for another day will be the best way to deal with these. Roughly 30k in the bank emergency fund savings. We have some house repairs to make in the near future that will probably eat half of this. My question regards Student Loans vs. Mortgage. At this point, they are pretty equal. - Her Loans: 318,000 at about 6.5. Currently payments are 350 a month; this will change next year due to her increase in salary this year. - My student loans: 24,000 at around 4. Payments at 305 monthly. - Mortgage: We owe right around 310,000 at 6.5. We pay 1595 per month towards principle and interest with property tax, insurance, HOA, CCD, etc., its right around 2000. Weve been discussing how to attack her student loans, but Im curious if that is the best course of action. Since the house and her loans are roughly the same amount at the same interest rate, which is the better option?Different thoughts:- We increase our equity, not to mention we live in an area that is currently going through a huge building surge. Property values are expected to go up but well see, of course. - We purchased the house on a physicians loan before I was laid off, so we may have acted differently. We dont have PMI, but I read about refinancing as soon as we pay off what would have been the 20 down. At regular payments, well be there in about two years. Weve been in the house less than a year. - Her student loan payments should shoot up pretty high next year or sooner although Im not sure how to know what theyll be until paperwork is processed. - Mentally, weve discussed tackling the loans first while she was in residency. Paying these off would be a huge mental relief. - We plan on moving in 5-7 years. If the house isnt paid off, we can still move and sellrent the property. The student loans will follow us around and cant really make us money. - We may not be able to deduct her student loan interest although Im still learning about this, but could deduct mortgage interest. Am I missing anything else? Does one direction make more sense than another? Of course, we want to look at refinancing the student loans although she consolidated them not too long ago. If one of the interest rates were to drop, we could decide how to proceed. Seeing how theyre roughly the same amount at similar interests, Im curious how we should think about this. Thanks!TL;DL - we have 318k in student loans at 6.5 and 310 in a Mortgage at 6.5. Outside of refinancing to change these numbers, which would be the best debt to tackle first?  <response>: Whoa...shes over a quarter million dollars in debt and her salary is less than half of that? That was kind of a bad financial decision. Also, you really should go back to work. You guys are close to 350,000 in debt - NOT counting your mortgage. And your household income is only 130,000yr. You are not going to get ahead unless you make some drastic changes. Sell the house, you should go back to work, wife should find a better paying job, etc. This debt will bury you if you dont make serious changes; youll be making payments for the rest of your lives. 