Paying down 3 single family loans. Tips...

[Bobby Shell]

Should be an easy Q. Currently we have 3 homes:

• Primary Res: 360k owed at 3.625% interest rate
• Rental One: 196k Owned at 3.375% interest rate
• Rental Two (closing in 30 days): 134k owned, 4.5% interest rate

If we want to pay these down fastest, it is going to be best to make extra payments to the one with the higher rate is my assumption correct? Pay down the 4.5% ?

The reason I want to ask is that in the future we do want to use the power of leverage. I was not sure if paying down the primary as well gives me any extra leverage because it is not a rental? I hope that makes sense. Just curious if the primary is more important as i move forward trying to use leverage in my benefit.

[Anthony Wick]

Honestly, at those interest rates I don't pay anything extra on the mortgages. The two rentals, your tenant is paying the mortgage. You primary residence is a great interest rate. Why not take any extra money/profit and invest in an ETF and make even more money?