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  • FIRST POST
    • Cherry Burton
    • By Cherry Burton 15th Sep 16, 8:34 PM
    • 95Posts
    • 506Thanks
    Cherry Burton
    Mortgage Free in 30 months
    • #1
    • 15th Sep 16, 8:34 PM
    Mortgage Free in 30 months 15th Sep 16 at 8:34 PM
    Hi,

    After dealing with £8200 of unsecured debt and saving an emergency fund of 6 months I am ready to go hard core on the mortgage. I have less than £30k to go and I want to have it all paid off in 30 months.

    I've obtained a secure job after too many years of temporary and contract work. At last. I've been able to work on improving my financial situation. I can't wait to pay off the mortgage to feel the security of having a fully paid for home that no one can take off me.

    I hope it all goes well and I stay in work and healthy until the mortgage is nothing but a nasty memory. My plan is to pay £1000 per month which should more that cover both the principal and the interest.

    CB
    Debt 08/14 - £8200
    Mortgage 1/1/14 approx £50,000, 1/8/16 £31,269 1/9/16 27500 3/10/16 £25842 1/11/16 £23987 1/12/16 £22050 1/4/17 £16312 3/7/17 £9989 1/8/17 £7,666 1/9/17 £5959 2/10/17 £4772 1/11/17 £2965 1/12/17 £1329
Page 3
    • Cherry Burton
    • By Cherry Burton 7th Nov 17, 8:10 PM
    • 95 Posts
    • 506 Thanks
    Cherry Burton
    Hi obay,

    I have £2965 left to pay. I should be all done and dusted in two months.

    CB
    Debt 08/14 - £8200
    Mortgage 1/1/14 approx £50,000, 1/8/16 £31,269 1/9/16 27500 3/10/16 £25842 1/11/16 £23987 1/12/16 £22050 1/4/17 £16312 3/7/17 £9989 1/8/17 £7,666 1/9/17 £5959 2/10/17 £4772 1/11/17 £2965 1/12/17 £1329
    • obay
    • By obay 7th Nov 17, 8:14 PM
    • 452 Posts
    • 329 Thanks
    obay
    Hi obay,

    I have £2965 left to pay. I should be all done and dusted in two months.

    CB
    Originally posted by Cherry Burton
    My math works that out to be less then 30 months!

    How you feeling. What’s the extra money going into?
    1/12/16 - £152,599.00
    11/11/17 - £145,990.00
    Two Credit agreements to pay off - £13653! (inc interest).
    Sofa (DFS) (0%)£923/£923 - Paid off 7th November!
    Barclays Boiler (18.9%!)£400/£3021.36
    Barclays Car (5.99%)£0/£8,832.37
    • Cherry Burton
    • By Cherry Burton 22nd Nov 17, 8:54 PM
    • 95 Posts
    • 506 Thanks
    Cherry Burton
    Hi obay,

    When I originally started on the journey to mortgage freedom in September 2016 I thought it would take me 30 months if I overpaid by about £700 per month. Once I started I really got mad intense about it and started to throw every spare penny at the mortgage. I've worked massively hard at this project for over one year and I haven't let myself think about what I will do with the extra cash I have when the payments are gone. On my last post (scheduled for 2nd Jan) I'll go into more details. I have a silly feeling that if I think and talkable being mortgage free too soon I will jinx it.

    CB
    Debt 08/14 - £8200
    Mortgage 1/1/14 approx £50,000, 1/8/16 £31,269 1/9/16 27500 3/10/16 £25842 1/11/16 £23987 1/12/16 £22050 1/4/17 £16312 3/7/17 £9989 1/8/17 £7,666 1/9/17 £5959 2/10/17 £4772 1/11/17 £2965 1/12/17 £1329
    • Cherry Burton
    • By Cherry Burton 1st Dec 17, 10:35 PM
    • 95 Posts
    • 506 Thanks
    Cherry Burton
    HI, I can hardly believe it, I've only got one more month to go and I will be totally mortgage free
    Debt 08/14 - £8200
    Mortgage 1/1/14 approx £50,000, 1/8/16 £31,269 1/9/16 27500 3/10/16 £25842 1/11/16 £23987 1/12/16 £22050 1/4/17 £16312 3/7/17 £9989 1/8/17 £7,666 1/9/17 £5959 2/10/17 £4772 1/11/17 £2965 1/12/17 £1329
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