Money magazine Comments - Ask Paul: Should we sell an investment property to pay off our home? Chris and Vicki still owe half a million dollars on their home. Is it time to sell an investment property and pay off the mortgage? https://www.moneymag.com.au/feed/latest?story=141972084 Mon, 20 Apr 2020 12:40:27 +1000 Mon, 20 Apr 2020 12:40:27 +1000 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Ask Paul: Should we sell an investment property to pay off our home? https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Sue Wilson ()

Hi

currently we have our own home and 2 rental properties. I am wondering if the best thing to do is only pay interest on these loans and leave the rest of the rent in an offset account or make modifications to the properties to increase the value of them, the other option would be pay our morgatge off with the rental money. We currently pay a top up on both of the loans and i have just found out that you cant claim tax on anymoney you add to the loan? I am 58 and would really like to go part time in work and my husband is 60. If we both keep working full time we can have the home loan paid off in 4 years from now.

what is your advice?

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]]> Sue Wilson () Mon, 20 Apr 2020 12:40:27 +1000