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Mike, I can reduce the fixed loan but not any additional payments. I think the restriction is that you can pay $15K additional over the fixed term (3yrs in this case) but it needs to be in lump sums of $5K ! A bit silly but I suppose they are the rules. Perhaps I just need to cross that...

Thanks Mike and Rolf, I am lucky that we recently refinanced to have the loan part fixed and part variable with an offset. My main concern was that when we move into the house we are not sure if our incomes will be as high as what they are now and hence the reason to pay the loan off as...

Mike, I am currently in the process of paying as much off an IP as possible because I have the intention of moving into it in the near future. This becomes a dilemma because although we will move into it and as our principle place of residence it will have the lowest mortgage (which I know...