3 year ballon expiring

[Alex Barber]

My first rental property has a 3 year ballon on it which occurs in a couple of months. I have the option of going back to the same bank. I wanted to shop the mortgage around a little bit. What do I need to do to pull some money out of the property to use as my next down payment?

It’s currently rented at $1600/ month and my mortgage is just over $400/month

Thanks for any advice or help!