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Stingy DM
Rental or Residence?
Hi all,
I’m currently looking at a few extra scheckels a month and was thinking about applying the to extra principal payments.
The decision would be which property to apply it to, the rental property or my personal residence.
The residence mortgage is 5 years shorter than the rental, but the rental is less monthly than the residence by about $800.00
The interest rates are very close, but the rental is about .75 higher.
Any thoughts?
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