Mortgage pay down question

[DaFace]

Originally Posted by Jewish Rabbi

You're technically better off paying down the higher interest mortgage, but I would rather be free and clear on the other property.

Yep. In most cases, I say to attack the highest interest rates first, but you're also paying for getting rid of the hassle and uncertainty of having two different loans. It'd be worth it to me to get rid of the small one even though you'll lose a little bit in interest.