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What happens at the end?
We're coming to the finishing post :j I have overpaid for years now, but the remainder of the mortgage will be cleared by two endowment policies (even with the worse case scenario predictions there should be an excess). One pays in November, and one next June. What I want to know is when the November endowment pays out, do…
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Mortgage Free or Home Improvements ? WWYD ?
Our house is rapidly becoming too small for us, we'd survive, heck there are worse off than us if we put up with it and just concentrated on paying off the mortgage. I would like to go up into the loft and convert the garage though and have been quoted £20k for this which I reckon would take just over 2 years to save.…
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Basscadette's MF Cottage Journey
I've been reading some fantastical inspiration diaries on this board and had I not found it, it wouldn't have crossed my mind to pay off our mortgage. So Thank You To all the wonderful, insprational people on this board, without whom I would be sitting in my jama's, waiting for my baby to arrive and doing nothing to…
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Am taking a huge gamble and..
....piling a lump into share dealing with a plan to generate enough money to pay off my mortgage! Mortgage is 180k and i have 50k to invest - i have done plenty of research and confident a number of companies i have my eye on will come up trumps. I was going to pay the 50k into the mortgage but thought lifes a gamble and…
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Lesley's MFW Diary
Well my entry on this site starts today but in reality I became a MFW just over 4 years ago when I moved home & took on a bigger 85K mortgage over 25 years. In a nutshell, I didn't relish the idea of approaching retirement age when I finally paid it off. So, ideally I'd like to have paid off my mortgage in 10 years ie by…
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Just paid my 1st Mortgage Payment
only another 383 to go :eek:.....
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Mortgage rate change help !
Hi Thought i would try on here as up are prob the best people for advice. I have just phoned up the bank to reduce our mortgage payments as I have just lost my job, to be told that our fixed rate is ending on 31/10/2011. and going onto the variable std rate. Problem is we where meant to be on a stepped fixed rate for 3 yrs…
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Over paying a mortgage
I know this is a strange question, but on a £71000 mortgage, paying £480 per month with 21 years remaining..... How much quicker would it take to pay off if I paid an extra £100 per month. Is there an online calculator for this kind of calculation? Cheers
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Not Yet Started but wanna be free!
As strange as it may seem and I know I should walk before I can run but I want to be mortgage free as soon as I can but haven't even started my payments yet as still waiting for the house to go through! Quick plot: Will have a mortgage of 126K over 22 years Have taken a 2 year fixed deal (so I know the payments and can…
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Spreadsheets?
I find doing graphs and spreadsheets really spur me on on my MF quest. Just wondering where I could download a spreadsheet? I've seen lots of graphs online which aren't downloadable? Any savings inspirations like that? Cheers.
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I dream a dream.
Morning money savers, I have been keeping my own diary but thought it would be a good idear to add it on here. Firstly I appologice for any spelling or puntuation errors as I am not very good what kind of stuff. I will post all my post's that I have done allready below and any advice and encoragement would be lovely. I…
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Paying overpayments, but should I use savings towards mortgage ?
Thread Stats Views: 36 W W Factor Coming Soon... Share This Thread: Position - £38k in a halifax cash ISA at 3.2% net £14k in LLoyds Vantage at 2.37% net £23k invested in shares £8k cash uninvested in stocks shares isa £20k in NS&I index linked Owe £123,000 on mortgage at 6.39% 25 year fixed, am overpaying at moment that…
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Paying Lump Sum off Mortgage, advice
I am looking at my options for making the best use of a lump sum. I am currently paying 6.5% on my mortgage this is due to revert back to 2.5% Nov 1st :) My existing mortgage is 93k Left to pay. 55k (end 2016) on interest 38k(end 2022) on repayment I have 35k savings that I want to use to part pay off my mortgage. I also…
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I'd like to get started !
Just reading a few posts and so impressed with your awareness of what you owe on a monthly basis, interest and everything else. Is there somewhere to calculate these things? I find this type of blog / diary motivational in money saving. My partner and I would like to pay off our mortgage asap and are already over paying as…
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Does this count??
Finally after just over 3 years of piling every spare penny at the mortgage / offset savings and utilising over £20k of interest free purchases on credit cards we've just ticked over the fully offset mark by a few hundred quid! :j I'm saying (that for now at least!) im kinda "mortgage free", but the missues insists it…
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Cazmanian_minx's new MF diary
I think I need a fresh start! (Old thread for anyone interested) OK, so the basics are as follows. I'm Caz, I've just turned 36, I'm married to Mr Minx and we live with our two Springers, Smokey and Red, and horse, Merlin, in our forever home, which is a croft overlooking a beach on the north coast of Scotland. We moved…
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Mortgage free by moving abroad?
Hello, I'm very interested to know if anyone has either entertained the idea or gone ahead with the idea of moving abroad in order to become mortgage free and pursue a different lifestyle. We are a family of four (children aged 3 and 2) and we live in a 2 up 2 down. Our older boy sleeps in our bedroom :o . Our garden is a…