Without going into too many details, I am a co-borrower on a mortgage, we owe about 80K on 140K, it's 15 years at 3.0%, we've been paying 300.00 extra a month, it will still be 5+ years to pay it off.
I can't get a loan for an investment property because they only look at my income vs dept ratio. Considering my current income, current mortgage, projected investment mortgage, it's 78% DTI ratio.
I could take my cash account (20K), liquidate my Roth (60K), buy an investment property. Or, I could try and get the current mortgage paid off, maybe throw 30k at it, maybe she can pay 50k.
So, it's either take cash out of the Roth to buy a rental full cash, or take cash out of the Roth to pay off the mortgage.