Hello @RP I had the same thought process, but I took the other route of just paying off the home. I thought this would best fit my case to produce more ROI to buy another home and have a lower debt to income ratio. Also, this would open more doors for me to cash in on the full amount of $$ from this rental. Also, to not end up paying triple for the house after the 30 year. You can also do what @Nathan_Gregory mentioned and refi to lower interest, BUT still pay the full price that you were paying already since you were already used to those payments. I refinanced 2 of my 3 homes since I was so close to paying one off. I am still paying the same amount on the 2 homes prior to the refinance process.