<prompt> Human: Ok I read a lot of hardship stories here. Im fortunate to be doing alright. My wife and I have decent jobs and earn just over 100,000yr combined. We have a solid rainy day fund that covers expenses for over 6 months. We max out Roth IRA and employer sponsored retirement accounts, and have college savings set for the kids. We live comfortably but are conservative in our spending. I think we are doing things right.So here is the rub, We have some outstanding debts. We have a 20 yr home mortgage at 4.5 fixed owing about 130,000.00. A condo on a yearly adjusting arm tied to LIBOR currently at 3.5 owing 95,000, and an auto loan at 2.5 at 14,000...I argue that we should pay the condo down since it is a more volatile investment with the ARM adjusting yearly. My wife argues that since we are hoping to sell it thats like throwing money away she isnt right but hey. We could also make extra payments on the house our primary residence until interest on the condo increases. So settle this argument. What should we be paying down?  <response>: If it were me, heres what Id do. Im assuming you have good credit and can handle a slight bump in your primary mortgage payment.Refinance the 130k to a 15 year fixed. You should be able to get a rate of 3 or even less if your credit is good. Then pay off the condo, which will have a higher and variable rate at that point. 