Christian (Caller)

Okay.

Hey, thank you, guys.

How are you?

Yeah, I got a question for you.

So I have my primary mortgage for my primary residence, and then I have three rental properties, two of which are paid off.

On my rental property, I guess my question would be, what would make more financial sense, to pay off my rental property or to pay off my primary mortgage?

So on my rental property, I owe $150,000.

It's financed for 10 years at 3.5% interest.

And so my thought process was to take that rental income and double up on those payments each month, and I could have that paid off in five years.

Then, once it's paid off, then take that income, that rental income from those three properties, and double up payments and take that, and then my regular payment.

and apply it towards my primary mortgage, and then I could probably have that paid off within about four years.

My primary mortgage, though, I owe $260,000 out of 4.75% interest rate.

So I just wanted to see what would make more financial sense.

Mm-hmm.

Yep.

About maybe $450 a year between my wife and I. Oh, my goodness.

Well, I mean, we contribute to my 401K.

We contribute to our money market account, our kids' college funds.

We have two little girls, so, I mean...

We have a lot going out towards that, I guess.