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  • FIRST POST
    • Firegirl
    • By Firegirl 12th May 15, 8:29 AM
    • 664Posts
    • 2,715Thanks
    Firegirl
    FIRE Through The Mortgage - MF by 55 - LATEST
    • #1
    • 12th May 15, 8:29 AM
    FIRE Through The Mortgage - MF by 55 - LATEST 12th May 15 at 8:29 AM
    Hi Everyone,

    I've started a brand new diary!!!! I have decided I want to recalc my figures in line with retiring by 55.

    I'll keep you in suspense for now but I'll pop back later with some figures.

    19 Years - MF at 55
    May Year - Remaining debt
    May 2015 - £239,992
    May 2016 - £228,450
    May 2017 - £216,793
    May 2018 - £205,020
    May 2019 - £193,132
    May 2020 - £181,125
    May 2021 - £169,000
    May 2022 - £156, 754
    May 2023 - £144,388
    May 2024 - £131,898
    May 2025 - £119,286
    May 2026 - £106,548
    May 2027 - £93,684
    May 2028 - £80,693
    May 2029 - £67,574
    May 2030 - £54,324
    May 2031 - £40,943
    May 2032 - £27,430
    May 2033 - £13,783
    May 2034 - £0
    Last edited by Firegirl; 12-05-2015 at 10:21 AM. Reason: Adding Detail
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £201078
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
Page 17
    • Firegirl
    • By Firegirl 15th Jul 17, 11:23 PM
    • 664 Posts
    • 2,715 Thanks
    Firegirl
    So here I am again!!!!! I've looked at lots of BTL property's and I know exactly what I'd buy if I'm brave enough.

    Slightly distracted by another possible contract. I have the offer and I've accepted and I hope to get the contract Monday!!!!! It's so exciting and I'll tell you more when it's a def goer!!! If it pulls off I could make serious inroads to paying off my mortgage or put it towards a BTL. I'm distracted by my BTL dream again because I'm busy setting up my limited company which is way to exciting in itself. It's more exciting for me than in real life cause really it's just a way for the contract to pay me.

    I'll keep you posted next week!
    Mortgage balance Feb 2015 start of MFW Journey-£245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance £201078
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= £205, 020
    14 Year Target Balance MF50= £191, 314
    • gallygirl
    • By gallygirl 16th Jul 17, 10:24 AM
    • 16,382 Posts
    • 107,298 Thanks
    gallygirl
    Exciting times FG, look forward to hearing about it all .
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    Mortgage Balance = £0
    "Do what others won't early in life so you can do what others can't later in life"
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