• Taxes Or Mortgage More Important To Pay

    Posted Sep 5th, 2010 By Richard Landuyt in Real Estate Answers With | Comments Off

    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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    Richard Landuyt
    Licensed since 1979, I give you my personal guarantee that your real estate transaction will be the most organized process you will ever experience.


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