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.

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

  1. creditcardfree Says:

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

  2. Mary Ann Says:

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

  3. snafu Says:

    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:


  5. Shiela Says:

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

  6. LuckyRobin Says:

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

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