All Forum Posts by: Cody Graw

@Alecia Loveless  Thank you for your advice! 

It's a fixed rate, I do plan on making an appointment at the bank but being so busy at work has made it hard. Thank you for your advice! 

@Brandon Croucier No it is fixed rate locked in until March 2026.

Good morning, 

I'm a young investor looking for some advice on what an experienced investor would do if they were in the same position as myself in regards to doing a cash out refinance a year before I'm set for renewal.

I bought the home in Feb 2021 for 302k and put 60k down at 1.74% Interest, with home values rising over the last 4 years I've had it assessed by my realtor at 380k on the low end and want to expand my portfolio. 

I am set for renewal March 2026 and don't know if it would be best to wait till March and hold onto the 1.74% as long as I can,  or refinance and take a higher interest rate than what could be in March 2026. 

What would be the pros vs cons of each scenario as I want to use the cash I can get out the property to buy an up/down duplex or triplex unit and further expand. 

Thank you for any advice you may have!