All Forum Posts by: Eric L Conry

The main thing that pops out at me every month is that less than half of my payment goes to paying the principle down, over half goes to the interest, taxes, and insurance, ect. 

I suppose I'm thinking of the increase in monthly cashflow getting rent and not having a mortgage to pay... I suppose because of the 15% tax hit it wouldn't make sense until i owe less than 100K or so.

I have a rental house with 150K left on the mortgage, I have 200k in an after tax brokerage account invested in cash, stocks and bonds. Should I sell the investments (pretend we're in a non-recession normal stock market environment), and payoff the rental? Assuming 15% long term taxes owed I would have to sell 172,500K. The interest rate on the mortgage is 4.3%, 30 years. 

How do you know if you should payoff the mortgage when you have the money, or not?