Should you pay off your mortgage or use the money to invest? There are a lot of respected people on both sides of the argument, so who's right?
So you've gotten yourself into and debt and now it's affecting your lifestyle. As debt grows, just paying the interest becomes a bigger portion of your paychecks until you are just working to pay back your debts. As you know, your debt to income ratio is the most important aspect to qualifying for a loan for your first investment property. With your debts out of whack, you will never qualify. Here are some tips to getting your debts paid off and getting you into investing as quickly as possible.