Mortgage going down

iVillage Member
Registered: 08-02-1998
Mortgage going down
1
Wed, 11-25-2009 - 3:23pm
We have to remortgage in January, but our banker talked to DH yesterday and if we remortgage it in Dec she can get us a lower rate than we have now and it will lower our twice monthly payments by $15. So I am going to ask if they can leave our payments at what they are now so that $30 a month can go straight to principal. Because I know that if we take the lower payment that the $15 will evaporate. If they can't do that I'll have them raise the amount I put into the TFSA each month by $30, then I can put an annual payment towards my mortgage.




iVillage Member
Registered: 11-14-2008
In reply to: ileea
Wed, 11-25-2009 - 4:41pm

Good call!