15 year Loan Paydown vs 30 year Natural Appreciation
Do you like loan paydown in a 15 year mortgage with less cashflow (no need to live off of properties' cashflow)?
Or 30 year mortgage with lower payment and more cash flow for use for rehab/maintenance?
In addition to our primary residence. I have 3 SFHs, 1 condo, and getting close contract on my first triplex ($185k). 2 homes are 15 year mortgages. Right now I am exploring refinancing of the 3rd home which is paid off. ($300k value)
Thank you,
Jason