We received our annual mortgage statement from the bank yesterday. It summarizes what happened to the mortgage for the entire 2009 year -- where we started from, how it ended, any interest changes and how much interest was paid.
It is useful from a big picture point of view and also for people who are eligible to write off mortgage interest if they run a home office.
As I track our mortgages like a hawk, I already knew where we started and ended so that wasn't new news. What was however, was the amount of interest we paid -- how much the bank made from us by lending us money to buy our homes.
It was shocking to see our main house costing $2043.47 and the ski condo costing $721.61 for the year. I don't believe those numbers are bad at all considering the amount we are borrowing.
The falling interest rates, a hallmark of 2009 helped to keep more of our money away from the banks.