.- So, you may want to consider locking in an interest rate via a 2nd mortgage.Do you have reserves for unexpected expenses?

Do you have cash reserves for capital expenses and improvements? 

Ensure that the mortgage is assumable, and confirm that there are no due-on-sale clauses that could trigger the full loan balance. 

It’s a solid strategy if you stay prepared for unexpected costs and keep some reserves on hand.

That confirmed. :) Yeah, definitely a recording.

If you'd ask this question while still employed I'd say apply the $8500 toward knocking down the debt quicker but since that is not the case I would build up your reserves to about 6 months then begin applying those funds to bring down the debt. 

Prepare financially by saving for down payments, improving your credit score, and setting aside emergency reserves.

These need 20%-25% down, require a 680-700+ credit score, and 6 to 9 months of reserves (reserves are payments in the bank). 

@Vince Au no one can predict the future.There are some interesting facts you should confirm for yourself (NEVER believe anything anyone posts here!).

simple question to ask, are investor dividends being paid out of net operating income or reserves?