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Home > Rate Cut and down to $150K

Rate Cut and down to $150K

December 9th, 2011 at 06:02 am

Yeaaah, our bank cut our mortgage rate late yesterday. This means our rate will go down to 6.61%. Now I'm happy and will stop ranting about it. Smile It will cut about 7-8 months in the term of our loan.

On another financial news, DH got paid today and I put exactly $2,491.33 into the mortgage so I can get our mortgage exactly down to $150K. I just wanted to start the new year in that amount.

This also means that I've achieved all my financial goals this year. Now I need to finalise and post my goals for next year. I might do that next week.

Posted in Mortgage | 7 Comments »

7 Responses to “Rate Cut and down to $150K”

  1. creditcardfree Says:
    December 9th, 2011 at 02:00 pm 1323439200
    1323439200

    Great job meeting ALL of your goals. That is fantastic!!

  2. Mary Ann Says:
    December 9th, 2011 at 02:18 pm 1323440297
    1323440297

    It's a good feeling to meet all your goals! Congrats!!

  3. snafu Says:
    December 9th, 2011 at 02:38 pm 1323441539
    1323441539

    Good on you for meeting your goal. If you kept paying the same sum in 2012, how many months would that further reduce length of loan?

  4. MonkeyMama Says:
    December 9th, 2011 at 02:39 pm 1323441558
    1323441558

    Yay!!

  5. Shiela Says:
    December 9th, 2011 at 09:44 pm 1323467057
    1323467057

    Thanks all.
    Snafu - I think it only save about a month but little every bit helps.

  6. Jerry Says:
    December 10th, 2011 at 11:50 am 1323517808
    1323517808

    Wow, that is great! And just in time to lead to the accomplishment of your financial goals for the year? Perfect timing. I hope that you have some insurance that 2012 is every bit as successful. Good luck!
    Jerry

  7. LuckyRobin Says:
    December 12th, 2011 at 01:04 am 1323651859
    1323651859

    Congrats on the goals and I'm glad the bank finally budged and went down on the rate.

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