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Updated about 7 years ago,

User Stats

13
Posts
1
Votes
Sergio Martinez
  • Investor
  • Queens, NY
1
Votes |
13
Posts

Should I pay off the mortgage sooner?

Sergio Martinez
  • Investor
  • Queens, NY
Posted

Pardon me if this sounds like a beginner's question. I have an investment property with 2 tenants paying off the monthly mortgage (30 year fix @ 4.25%) leaving me with a little less than a 1k a month. I’m debating whether I should really dedicate all my funds in paying off the mortgage in 10 years or should I instead use that money for the down payment to another property which is one of my goals. I really enjoy living debt free. Any advice?

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