Yay, I convinced my husband to make another extra mortgage payment! We have wired money from our savings account into our bank account. This should arrive next week Monday. We’ll instantly transfer the money into the interest only mortgage part. The extra payment is worth 225% of our monthly expenses. So this is another big chunk indeed. We should really be able to pay off this part of our mortgage in full by the end of 2013. Fingers crossed!
The other big chunk that went into the savings part of our mortgage got there as well. Everything went smoothly and our mortgage is now lowered from 30 years to 26 years in total. We’re certainly going to get that number down as well, ha!
By the way, extra mortgage payments are all over the news now here in The Netherlands. It’s becoming a trend!