re: Would you pay off a 6.5% rental?

quote:

---

The other item to consider is I have a 5 year ARM on a place with a 239k balance. That matures in about 2.5 years and would be at a much higher rate (currently 4.5 currently.)

Dont' love that rental as much but it leases for $2500.

---

Completely separate analysis. If you're worried about the rental the kids are going to make "not profitable" for a period of time, either pay it off or stash the money to cover that.

I wouldn't shift to min-max somewhere else. If you have to refi that ARM, do it when it matures, IMHO. If you already don't like it, maybe cash out (meaning sell) that and look somewhere else to put that money.