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Reub, Thanks for the clarification. If you then have one IP, and you are paying P & I, and are comfortablably able to afford this, and you have good equity, you may be able to buy something else. It does depend on you comfort level, and the state of the market (especially where you are...

Reub, One question I would ask is - "Do you owe money on your own house?" That's important. If you owe money on your house still, then you are losing taxation benefits by paying off the IP in preference to paying off your house. Interest paid on your IP is deductible Debt repayment on...