so you aren't paying much to borrow the money, so don't tie up $31k just to get rid of a payment - however, if you only plan to keep that $31k in a 5% or less money market for 30 years then based on a returns standpoint it could make sense to pay it off since your mtg rate is higher, at 5.8%.

I'm sure that they'll be happy to provide assistance and support.

If I had saved my money and paid off the one rental I'm now upside down in instead of borrowing to buy more (or even sold it when it skyrocketed to $500K (hope I'm not the only one that can say this :cry:), I'd have 100% income on the darn thing instead of minor negative cash flow.

Thats based on the amount borrowed.

Better to work out a repayment plan with a borrower who has some capacity to pay than to force a sale into a down market.

Now your house is labelled where someone was killed, and harder to both rent and sell.I think for the safety of the family, the person and the landlord for being liable, you should give your tenants information on centers that assist abused women.

However, actually creating a mortgage, then paying most of it back would leave the mortgage on the records without the corresponding debt.I don't think you want to have yourself as both borrower and lender.

For six months with hard money, you could easily be looking at 12% of the borrowed amount, or $22K.

Let me know if I can assist.

Filling out the Home Buyers Check list during the inspection process of attending an open house, can assist you in evaluating, recalling and comparing different properties you visit, while searching for your next home.