This month we made another extra payment on our mortgage. Like last month we paid off $500 on our mortgage.
Every time we make an extra amortization, the bank asks a number of control questions. I fully understand this but wish they could adjust the questions depending on the size of the amount you wish to repay.
Having to verify a sum of 500 dollars feels a bit provocative when hardly a month goes by without it being revealed that some bank has been caught laundering billions for drug cartels or oligarchs.
Assuming our mortgage lender doesn't raise their current 3 month interest rate any further before Wednesday next week we will be able to continue making extra repayments for the next 3 months.
However, we will need to lower the amount to $300 starting next month to not have to increase our budgeted housing costs.
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