The Oh, Live from the headquarters of Ramsey Solutions, it's the Ramsey Show where we help people build wealth, do work that they love, and create amazing relationships.

I am Rachel Cruz hosting this hour with my good friend and co-host of Smart Money Happy Hour George

Camel and we will be taking your questions so give us a call at AAA 825

5 225 we're talking about your life, your money, your relationships, your career, anything and everything here to help you out.

So first up, we have Ian out of Portland, Oregon.

Hey, Ian, welcome to the show.

Hi, good afternoon, this is Ian.

Thanks for taking my call.

Absolutely, how come we up?

I'm in a bit of juncture in my life where I'm buying a third purchasing my third house which will

be my primary house since I'm moving I have two existing mortgages and I was

wondering what to do with them.

The two options have come up in my mind is one,

I can have the paid both these mortgages off

because I have enough savings to pay them off and subsequently have renters pay my primary slash third mortgage.

That way I lose, you know, I kind of get rid of two mortgages and I just have one primary mortgage. That's sort of the foreseeable advantage I have.

The option B is I leave the two long-term renters in my two existing

mortgages properties and then I pay you know, you know, three mortgages is what the

caveat here is that I have to handle versus one mortgage in option eight.

I need some help with deciphering which would be a better option for me.

Okay, well if I'm in your shoes I would want my primary mortgage paid off, but I also don't like the risk of having two mortgages sitting out there with renters.

And so if I'm in your shoes and you can pay off both mortgages today, I'd rather you leave with one mortgage than multiple.

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