To Freedom...

Hello folks,

Been lurking around here for a while and wanted to start posting. My OH and I have been paying a morgage since we were 18 and finally paid it off this year. We found it hard going in the early years and would often joke about being in our early 40s with no morgage. However, moved house a few years ago to a much more expensive area and had to take out a further advance which had another 15 years to run. Meaning we would have paid a morgage most of our working life:eek:

When I found this site, I learned the benefit of overpaying and have been doing this for a while now. Have managed to cut our eventual date by 2 years and 3 months. With both morgages we were due 120,000, now we "only" owe 58,300. Our fixed rate finished this year and is now half of what we previously were paying.

We live with our adult son, and our daughter has recently arrived hime from living abroad, so space is tight. My OH has gone from being not very interested to being more moneysaving than me...I have created a monster:rotfl:

I have recently changed jobs for one with more sociable hours, but slightly less pay, OH is self employed and his earnings are very variable, the kids are paying a small amount for rent. Our plan is to throw as much as we can at the morgage whilst rates are low, live frugally and try to get rid of this. Then we might be able to help the kids out with housing...Well a girl can dream!
mortgage 1 33,000. paid nov 2012 :D. mortgage 2 87,000 due 51,686.76 at july 2013, but then:new home and remortgage ... £101065.43:eek: now 74k
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Comments

  • Well done so far and welcome to mfw's
    Morgage till Nov 30 GOAL MFW Sept 2016
    Aug 11 - £100k Aug 2016.... It's GONE!!!!!
    2014 GOAL HIT 5 Stone! 2016 GOAL to be a MF marathon runner.
    "A goal without a plan is just a wish"
  • Well done so far :) and I hope it all goes well for you x
    SPC 2013 #1884
    20p Savers Club 2013 #54
    :xmassmile Make £5 a day Dec '12: £150/£155 :xmassmile
  • kirstypark
    kirstypark Posts: 771
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    edited 6 December 2012 at 8:18AM
    Thanks for the welcome. Spent the evening selling some old books and £15 for them, i need to start ebaying, but have not done it for years, and a bit nervous of starting again after my account was hacked. I sold some CDs to music magpie, some gold to Tesco and some textbooks to Fatbrain, which all got decent amounts, but do need to get back to ebay.

    Working tonight and tomorrow night for my old employers so can look forward to some extra cash in jan. Snow is bad here and more due, so hope i get home safely! Hate the white stuff!
    mortgage 1 33,000. paid nov 2012 :D. mortgage 2 87,000 due 51,686.76 at july 2013, but then:new home and remortgage ... £101065.43:eek: now 74k
  • had a nsd thanks to a free lunch at work today, so managed a £15 overpayment. total is now 58,293.

    Got more overtime tomorrow night, then christmas work night out on saturday. Meal already paid for, and can wear last year's outfit as this is a new job, so workmates have not seen this dress before! We were thinking of staying in the hotel, but decided to come home instead to save some more cash.:beer:
    mortgage 1 33,000. paid nov 2012 :D. mortgage 2 87,000 due 51,686.76 at july 2013, but then:new home and remortgage ... £101065.43:eek: now 74k
  • another £4.19 for the pot today, money credited from TCB. I love free money!
    mortgage 1 33,000. paid nov 2012 :D. mortgage 2 87,000 due 51,686.76 at july 2013, but then:new home and remortgage ... £101065.43:eek: now 74k
  • lulabelle1
    lulabelle1 Posts: 2,691
    First Anniversary First Post Combo Breaker
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    Welcome and good luck with your journey!
  • Skittle
    Skittle Posts: 85 Forumite
    Hi there. I'm a newbie MFW too - it's very motivating to read other peoples diaries and I'm finding that keeping my own diary is keeping me more focused.

    Well done on your OPs so far.
    Mortgage currently £89,663
    On the road to mortgage freedom :D

  • thank you lulubelle and skittle. i find keeping the diary is keeping up the motivation. had another nsd, left my job and teatime and drove to my old place of work but forgot to pick up a sandwich for tea. Halfway through my shift, my tummy was rumbling, so an old pal donated a bag of crisps. What a star!

    Oh, but i can hear the shops calling tomorrow...
    mortgage 1 33,000. paid nov 2012 :D. mortgage 2 87,000 due 51,686.76 at july 2013, but then:new home and remortgage ... £101065.43:eek: now 74k
  • Hi Kirsty well done on the nsd. It was a close call. Have a good evening.
    2024 Decluttering 2292 ⭐️
  • sweetdaisy
    sweetdaisy Posts: 1,249
    First Post First Anniversary Combo Breaker
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    Good luck on your journey :)to become mortgage free
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