I wonder if I have time to go shop around for better mortgage rate... The difference is only going to be of about 1% which is about a 175$ difference

The rates are high apparently lately, they should go down to 3.5 to 3.9, which would be much better

I calculated, even if we get disastrous rates like 11% again, I can actually afford that. It would be tight, but I wouldn't be in deep shit

@coolboymew Try to get a variable rate mortgage, if you can. I don't know how it is in Canada, but, in Europe, rates are pretty high, so they're bound to go down sooner than later.

@josemanuel variable rate is 1.5% higher and it's high enough to start to really hurt there at 6.25% for example
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@coolboymew Sorry, I forgot to mention that I know nothing about finance and you should never trust anything I say on the matter. I'm basically ChatGPT when it comes to finance. I can sort of sound knowledgeable, but deep down I'm full of shit.

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