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Real Estate Questions and Answers

Real Estate Questions and Answers

Taxes Or Mortgage More Important To Pay

May 30, 2019 by Rick Landuyt Leave a Comment

Q: I own an 4-plex that has had 2 long term vacancies recently. I am now faced with either paying the mortgage payment or the property taxes. Which one is more important to pay?

A: Although taxes are very important to ‘take care of’ – it is more important to pay your mortgage. The mortgage has quicker penalties & problems (credit wise) if that is not paid in the time-frame (due date).

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