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Debt free but the house- 40K paid off now aiming to be Mortgage Free
Hello all Thank you for this fantastic forum. My husband and I have managed to pay off £40 000 in Credit card debt and loans. We are now so fired up that we would like to pay off our mortgage by the time he is 50 (10 years from now)- We have £240 000 left on our mortgage. I know this is ambitious as I have decided to start…
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should i pay off my mortgage
Hi, I have just got a settlement figure for my mortgage which will be £28,327,46p. At present we are paying 2 1/2% interest (variable). I put 30k in a long term savings account at 4% two years ago which will be available in September this year. my question is if you were in my position, would you pay off the mortgage? I…
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Any advice
I took out an increase on my mortgage loan, just prior to my mortgage finishing in 2007 to get my kitchen updated. It is due to be paid in October. I noticed that the new charges show a final payment of£299 to completent plus £50 to keep deeds. My original mortgage taken out in 1982 the charge was £10 and it was free to…
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Overpaying to fix or not fix that is the question
Hi everyone, I posted this in Mortgages and Endowments but I suppose it is also relevant in this section. If you dont know my story I took out a 5 year fixed mortgage 3 years ago on a high interest rate. 6.99%. (only option at the time) anyway I've been overpaying very hard since last December and its just struck me that…
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paying off or saving/investing
Each year I get a sum of money from my parents and some of the money I have used and some I use for paying off the mortgage. I wonder if I should invest (stocks and shares isa?) it or something, try and make some money and then pay it off. This might be a silly question at the moment but I've had the question for longer.…
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How quickly have you paid off/planning to pay off your morgage?
How many years have you managed to pay off your morgage in? I am hoping to knock 15 years off!!
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Making Halifax mortgage overpayments online?
Hi, I’ve spent the last four years paying off all my loans and credit cards, and am now ready to work towards paying my mortgage off, I owe £3,800, the mortgage has 6 years to run, and I hope to pay it off in a year. I want to pay weekly overpayments, online, via my First Direct bank account, I aim to pay around £100 a…
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Youreds's mortgage free journey
On Monday I'll drop in to my C & G branch & hand over a cheque for around £39,000, by far the biggest cheque I will have ever written & become mortgage free. The journey started in Jan 2004 when we moved to a bigger house. We already had a £23k endowment mortgage from 1988, & £25k sat in savings, crazy when I think back,…
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First Mortgage - First MFW Diary
Hi All, Having just paid the 1st payment on my mortgage, and also making my first overpayment - I figured now would be a good time to start my MFW Diary!!! My mortgage deal is as follows: £120,000 over 20 years with a fixed rate of 4.39% for 5 years. This costs me a grand total of £752 monthly. I'm allowed to pay 20% extra…
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Last 16K - any advice?
I'm very new to this and wondered if there is anyone out there with a good solution for paying off my last 16K... At the end of my current fixed term in November I will be paying off a large chunk of my mortgage with some inheritance money. This should leave me with a balance of approx 16K:j. Having done some number…
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Offer accepted... thinking about being mortgage free already! My diary
Well yesterday my husband and I did what we have been trying to do for the last few years and made an offer on a house :D Our offer was accepted and the bank have given us a decision in principle but I am already thinking of being MF! A little bit of History: Family: Me, DH, the 3 degrees, all girls aged 9, 7, and 2 Dh…
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How do you make clothes on webkinz?
you go to the Kinz style outlet and press the clothing machine button. you go to the kinzstyle outlet, click on the clothing machine button as said, and put in combinations of clothing hope this helps!
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cozza mission of madness
After much reading of others mortgage free wannabe diaries I have decided to start up my own. I bought my house August 2010 i'm 27 years old i live with my bf and dog however the house is in my name and its my first house and i pay the bills and after a few months of problems fingers crossed i'm now settled down. I…
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Your advice needed and greatly appreciated.
First of all I would like to hello to you all and thanks for taking the time to read this. My predicament is I no nothing about mortgages so first I will attempt to outline what I would like to achieve and maybe any of you helpfull folk out there would like to give me some advice or steer me in the right direction..... I…
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Reduce mortgage to £100K (Oct 2013)
Hello MFWers I’m a long time follower of these boards and thought it was about time I contributed. The DIYheadache family consists of me (32), OH (32), DD1 (3) and DD2 (7mths) we live in a nice 2-bed flat that we bought in 2005 with a mortgage of £132,500. We had a 3yr fixed rate deal with NR and remortgaged to Nationwide…
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Paying down more on the mortgage or debt
Hi All, I have embarked on the journey of trying to pay off my mortgage. I have all the fine prints from dates, over payent charges to monthly over payment required to complete by Date required. I have one small issue I also have a credit card debt which is not groos but was wondering should I pay the mortgage payments or…
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Frustration
I am now in a position to pay off my mortgage (as in - if I cash in everything it equals what I owe). I would so much like to do this, as the idea of being mortgage free and really owning my house 'free and clear' before 50 seems wonderful. However due to a good mortgage deal, I am getting a better rate on my savings than…
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'Home for Life savings pot'
Well, I don't know where to start :$ My husband and I have been insprired many times by reading all the great posts on hear so we've been motivated to set our own target and hope that keeping a diary of it will keep us motivated. We have been married for just over a year and moved out to Dubai temporarily a year ago. I say…
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you have to start somewhere...
decided just to round mortgage payments up and am overpaying £50.09p a month!! Not a lot, hope to increase it as time goes on but you gotta start somewhere:j:T:j:T thanks for all the advice and inspiration
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trying to reduce mort interest as much as poss do you think this will work?
hi all , we have a mort with n wide of £26000 , the term is 3.5yrs ish remaining my fixed rate is due to end sept :jits been 5.78:eek: we will be going on to the base rate of I think 2.5% which im thinking of keeping on this variable rate and trying ti op as much as we can. the max amount we can really pay all in is £600 p…
