Layout:
Home > Extra Mortgage Payment

Extra Mortgage Payment

June 7th, 2012 at 02:49 am

I decided to put $500 into the mortgage today. Current balance is $132,056.15.

Good news for our mortgage is that the interest rate should go down further this month. The reserve bank reduced the official rates another 25 basis points, which makes our rate now down to 3.5%. If our bank fully reduces our mortgage rate down another quarter per cent then we might be able to save another $20-25 per month off the interest.

And yesterday was the first NSD for the month, finally!

0 Responses to “Extra Mortgage Payment”

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]