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Updated about 2 years ago, 10/25/2022

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T. White
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T. White
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Buying & Selling Real Estate

Should I pay off an investment property?

T. White
Posted

My husband passed away tragically 7 weeks ago and I now have insurance money to pay off our investment condo that we owe $115k at 4.1% interest (733 a month)  We have a tenant in there and it pays for itself but I’m wondering if I should pay it off and then use that income to pay my current mortgage at $950 a month? Any advice is greatly appreciated.

Norfolk, Virginia
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