Rental and Primary residence mortgages
I have two properties - a primary residence worth $300k, and a $94k mortgage. I've also got a rental property worth $450k, with a $310k mortgage. For tax purposes, would it be worth refinancing both mortgages to move the majority of the mortgage payments to my primary residence? Or would it be likely to even out in the end weighing mortgage interest deduction on the primary residence and depreciation on the rental property? Thanks!