I fixed the heat and I liked it

[ailbhe]

It's all warm now. I R Genius. The children are warm and I've cooked them breakfast and lunch, done a load of laundry and a load in the dishwasher, added the meat and hot water to the slow-cooker full of veg Rob prepped last night, et cetera et cetera et cetera. I even tidied the kids' room, which will just show you how motivating heat can be.

I'm still trying to decide whether to call the bank and change our mortgage to reduce the payment and extend the term. We did get it with the specific backup plan of extending the term if we ever needed to; I can't decide whether now is that time.

Comments

[the0lady.livejournal.com]

A mortgage is also debt - lots and lots of debt. There's no point making it bigger unless it's absolutely unavoidable. While it is often true that oversrafts have punitive interest rates on them, it's not a universal rule - I have a 0% overdraft for example. I can't help you with the actual maths - numbers are not my forte - but it's worth while looking at the current and *eventual* costs of one type of debt vs. the other very carefully.

[ailbhe]

I think I'm going to see how things are at the beginning of *next* month. The pit of my stomach is happier about secured debt than unsecured but that's not enough, on its own, to change the mortgage back to the original end-date.

[the0lady.livejournal.com]

Fully agree.