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My spouse and I back in July of 2021, we purchased an investment property and we put a $100,000

deposit down and that was when the COVID interest rates had gone right down. And in Canada, they're right back up. I don't know how it is

in the States, but we're looking at our closing date coming up in two months, and we don't know if we

can afford this. Was the financing already approved? No. So we did down with our bank, and essentially, I think if we sold our current home, we would

be able to get the mortgage.

But my predicament is that even if we do get approved for a mortgage, we're looking

at a $5,000 plus mortgage per month. And we've been

looking at different avenues, potentially renting. But in that area, the likelihood of someone

renting over 3,500 is very slim. And so we would still be having money coming out of our pocket.

And now, the reason we're thinking about doing a mutual release at this point is because

we put that $100,000 down, but we did really well with our first home through COVID.

We bought it really low.

And then when we sold, we had actually gone a lot of equity and paid off that line of credit

that we used to put the deposit down on that home.

And I just don't know if it's worth it to jeopardize and try and push this mortgage through.

Also, my spouse is military, so he's currently posted to where we are.

And I don't even know how the moving procurement would work.

So have you guys been building for that long?

Yeah, the builder was very delayed.

Through COVID, they stopped a lot of the building, and it's been ongoing for a long time.

Okay. Was it a custom build, or was it one that was within a development, and you pick a floor plan kind of thing?

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