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Wife and I are considering many options right now. We recently picked up a rental house. 6.5%/15 year on the mortgage, we owe $250k. Thinking about scraping out some savings, and selling 100k in stock to pay it off completely. We bought the stock post Covid, and we have done well, bought it roughly 4 years ago. I think we could do this and still have about $100k in cash or equivalent when done. We will get dinged with capital gains on the way out, I believe 20% for our income. We have also considered paying off partially, and doing a recast.

Motivation is two fold, we simply want the old school satisfaction of having it payed off. We also want to reduce our debt load, because wife wants to reduce her income significantly next year. Noteworthy is that we could potentially live in this house, it could make a great retirement home for us.

What do you think? In this moment, would you sell stocks to pay down a higher interest rate mortgage?