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Putting extra money into the mortgage again

August 25th, 2009 at 07:15 am

We decided to start putting our monthly savings into our mortgage redraw again, starting this month. It is most likely that our interest rate will go up before the end of the year. So we want to put some extra money in it to keep within our current payments.

I've mentioned before how for a year now we been putting our monthly savings into the stock market. Lately, I haven't been able to find another stock to buy, not that I'm looking that hard though. I'm really waiting for the market to retrace a bit before getting in again. In the mean time there are few grand in the trading account waiting for the next buy. But we won't be putting any more money in it for the next few months, maybe not until next year again.

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