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Normally I'd repeat Brendan's point regarding the fact that the interest paid on the investment mortgages can be offset against the rental income for tax purposes. For example if they paid off the apartment mortgage, they would then have to pay tax (and PRSI) on the 800 month rent - say 400 a month. Therefore the 180K only saves them 500 net a month in repayments. If they used the 180k to pay off some of their their PPR mortgage, they get the benefit of the reduced payments "tax free". However in this case, it seems the interest rate they are paying for the apartment so high that it may still make sense to try to pay some of it down - the 180K paid against your PPR will only save you 450 a month under the completely unrealistic assumption that you will only ever be paying 3% for your PPR mortgage.The mortgage you should tackle first is the one with the highest interest rate.
That is assuming that they are all on the same rate.
Yes I got the savings from throwing 180k at their PPR mortgage completely wrong - they would save over 900 a month which is obviously much better than 500.Pay off the home mortgage first. The rest of the calculations about repayments are irrelevant.
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