u/Calm-Baseball1212

Hi,

I have a primary residence and an investment property.

Outstanding amount on each-

Primary - 355K, this is with national

Investment - 585k, currently on fixed rate for next 3 years at 3.64%. this is with rbc.

Primary property s renewal is up in Aug.

I have the funds to repay it completely.

But I am thinking should I repay or should I renew it and keep cash handy

Or should I pay off and use it's equity to balance out the investment property mortgage.

I am reading Smith's maneuver but I am totally confused.

Please guide me any insights as best course of action or any financial products that I can check.

Thanks much