What to do?

Since our mortgage interest rate has come down, and we’ve changed it from fixed to variable, we have been making lots of extra little payments on to. It’s great to see it coming down so much quicker. Just upping the payments and changing them to fortnightly has reduced the loan by eight years. I now feel somewhat in CONTROL!!!

But, as interest rates start to rise again, I think it is time to put the bulk of it back onto fixed, but for what term? Maybe we will cap some of it, maybe leave some of it variable – I’m not sure yet, but I DO know that I love being able to make those extra payments.

RIP Uncle Jim

Uncle Jim - a great man. He will be missed by many.