[Alexander R]

...mortgages and one HELOC with my extra income.? Mortgage one: Appraised value is 480000 to 500000. 362000 principal fixed at 5.375% interest for 30 years time left to pay (30 years) Monthly payment 2525.16 (including insurance and taxes) mortage open this year as a refi..the heolc below is on this property.HELOC: on the above property mortagage: principal 50000 interest only variable (prime rate currently at 3.6 %) for 10 years then 20 years to repay fully amortized. current monthly payment is 165 dollars 10 year interest only period expires in 2017. Option to fix any amount rates 8% to 18%. year open 2007.As I make payments principal does not decreaseSecond mortage on an investment property: appresised value is 80000. principal 89300 interest only currently at 7.5% current payment is 865. This produces 750 a month but some moths is empty.Last year I lost money on it... as it was empty for 5 moths. As I make payments principal does not decreaseMy financial situation: currently I have no other debt whatsoever. only regular monthly expenses for living. Credit is maxed out. credit score is 650 to 690My cash flow is about 2000 a month currently but my job is at risk.I do have about 3 mothns of payments saved in a money market account.So what can I do with the interest only loans???should I put my extra money on any of this loans? or should I pay extra principal on the first mortgage? I am currently putting 300 extra on that one to lower it to 22 years...BTW, I live in California, I am 39 years old and I have about 20 years to retire