It a May and I just found the account statement for my mortgage. It is not bank fault but the letter send to my mom’s house and I’ve not checked about it.
After know that my car loan balace is RM10,300.51, I’m excited to know about my housing loan balance. It is much more higher amount and it show that my balance at the end of Disember 2015 is RM180,948.65.
My house is valued at RM81,366.00 at that time and the loan amount is RM230,003.01. It’s almost 3 times than the price of house. If I’m not mistaken, I’ve paid almost 10 years which is using auto debit payment.
And it is another 20 years to wait. I’ve plan to settlet the loan before the 20 years. Maybe I need to change my life and get another income to finish the loan in the next 10 years. That’s a challenge for me.
Why I want to finish in 10 years? It is because I hope that I could freely life and could spend for my childrens.
How about you? Do you have any plan to finish your mortgage earlier than the loan? If yes, let’s share your plan. Maybe I could copy your method to finish my mortgage too.