Canne's Aussie Mortgage Free Diary

setmefree2

canne wrote: »

I looked up my home loan statements and here is a rundown of progress in 2009

8 Jan 130 327
8 Feb 126 952
8 Mar 126 252
7 Apr 122 591
14 May 120 535
11 June 118 751
12 July 115 961
20 Aug 110 219

Not too shabby!

Yesterday I paid $1054 to the mortgage to make the new balance 110 219.

Cheers

canne

:T:T:T:T

canne_2

Drum roll please!!! ..................................................and the mortgage balance is 109 967! We have broken the 110 000 barrier. That's 18.18% paid...

Today I paid 167 extra off the mortgage as we had the electricity bill to pay which was a big one $345!! Also pay the CC off in full for the month as we use that to pay for the internet and insurance and also the council rates were on there this month...

Pension goes up on the 20th September! YAY!

and thats all from me for another fortnight unless I win lotto... bit hard to win when I don't buy a ticket though LOL

setmefree2

canne wrote: »

Drum roll please!!! ..................................................and the mortgage balance is 109 967! We have broken the 110 000 barrier. That's 18.18% paid...

well done on that :T:T:T:T

canne_2

I only paid the minimum last week of $510 as we wanted to build up our emergency fund a bit. Which means the new balance is 109 399.

We have had a crisis the last week with my Dad going into hospital with pneumonia...he has been in there a week today and today he has had a drain put in to get rid of the fluid build up around his lungs. He already had a litre of fluid taken out last Friday...and now they have to drain more...

My Dad refused medical help at first when I called the ambulance without his permission as I was very worried...but my Dad got my Mum to call them later that night but all is well now...Dad might be home on Saturday or early next week...

setmefree2

Hope your Dad gets better soon.

Best Wishes

SMF2

canne_2

Payday today!

Old balance: 108698.14
Minimum Payment: 510
Extra Payment: 563.98
New balance: 107624.16

Interest rate is now 5.48%, up from 5.23%...Australia's Central Bank is putting up interest rates and it looks like they are going to go up very quickly!

Dad is home from hospital now and is much better. He has had a follow up xray and is having another in 6 weeks time...

canne_2

I haven't updated for a while

The balance at the moment is

106473.35

Interest rate is 5.73%. They have gone up by 0.5% in the last 2 months in Australia...

financialbliss

canne wrote: »

I haven't updated for a while

The balance at the moment is

106473.35

Interest rate is 5.73%. They have gone up by 0.5% in the last 2 months in Australia...

Hi canne,

Good morning in Australia. Looks like you could get down to the $105,000 you set as the start of your MFiT-T2 challenge. Well done.

Rate of 5.73%. Yeah, I recall reading this not long ago:
http://news.bbc.co.uk/1/hi/8339355.stm

Our UK base rate is just 0.5% currently, but I'm fixed at 4.79% until March 2011. Where UK rates will be after my fix ends - who knows

Regards, from a cold and wet UK,
Financial Bliss.

black_taxi_2

thx for posting canne

i start my first o/p 12/12/09

it must be in mortgage lenders contracts--never talk about o/payments

a bit like schizophrenia

welcome aboard and i look forward to reading your thread.

black_taxi_2

even if welcome is 5 months late :beer: