Mortgage Brokers & Lenders
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Primary Residence Mortgage
I have a few paid off rental properties and I have a mortgage for my primary residence. I'm thinking to put $50K toward my mortgage to lower my payments a bit and save some money in the long run.
Could you tell me please if this the right approach? Or there are some benefits or tax deductions of having the mortgage I can take advantage of? Please let me know.