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You're listening to Ramsey everyday millionaires where we talk investing, retirement, building wealth and outrageous generosity. 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 can we help?

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 removing. 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 four seable advantage I have.

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

in my two existing mortgages properties and then I pay myself for the third

mortgage and you know three mortgages is what the caveat here is,

that I have to handle versus one mortgage in Option 8,

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.

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