Extra mortgage payments.

[Joseph A Michel]

My team and I refinanced on our duplex last year to take cash out for a downpayment on another property. We may want to do the same thing again in a few years depending on what interest rates look at the time.  If we make a couple additional mortgage payments each year, will that lower the amount of interest we pay overall even if we refinance 5 years down the road, helping us build more equity in the property besides the dollar amount taken off the loan from the extra payments?  

[David M.]

@Joseph A Michel

To answer your question, yes.  By decreasing the principal amount you decrease your interest payments.  The remainder of your mortgage payment would go towards increased principal pay down.  Get an amortization table and you can play around and see how much you are saving yourself.  

Yes, "normally" you wouldn't want to pay down an investment property faster, but everybody has different financial situations.  Hope this little bit helps.  Good luck.