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anyone on their own with kids and a huge mortgage?
I have read lots of threads about people wanting to b MF. Me too..except I am a long long way off it. I am on my own with two kids aged 11 and 8. I work full time. My mortgage is £192,737 over 27 years. Gulp! I am 42 now. I know I can chip away at it. It is on the market too...tempted to downsize but not heard anything…
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Country Home Wishes & Plans
Ooh, what a lovely feeling starting up a brand new, clean diary that's fresh out of it's package! After doing lots of lurking and picking up lots of tips and inspiration I've decided to write my own "Mortgage Free To Be" diary to have the addition of a fantastic relocation out to more natural surroundings. I do currently…
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Help on mortgage payment whilst on CA /IS
Hi guys, newbie here, and yes I too wanna be MF. Question. I've always worked full time, and yes I have 2 kids 10mths, and the other 6 years. I grew up with my nan,and In turn have returned the favour by looking after her, she's 91 and begged me not to put her in a home. Due to all her illnesses. And me returning to work I…
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NatWest 5yr fix overpayments
Hi Just started paying my mortgage, it's pretty small, with repayments of 192 a month over 25 years. I'm looking to have it paid off in five to ten years, looked over the numbers and it's very doable. However I'm confused by making overpayments. I know I am limited to paying off 10% of the balance each year before I incur…
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Reduce the mortgage term or make overpayments on current term?
That's it in a nutshell. Which is the financially better option? I am unclear on this. This is based on a repayment mortgage.
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LBM No 2! This is it!
Hi everyone, I've tried writing a diary before under a different name, but never really took it seriously! This time is different though. I've just read Total Money Makeover by Dave Ramsey & it's opened my eyes to how much money we've actually wasted over the years! We owe just over £30k in unsecured debt at the moment, as…
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Your thoughts . . . .
So I am a MFW and have kept my mortgage details in my signature and have focused on this. My main passion is my motor and I go to all the meetings, special Audi events (I got to drive an R8 V10 at 162mph yesterday, legally I might add) and give my car a lot of love. I consider my car as something that I will always waste…
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Now to magic away the mortgage!
Hi fellow MFWs! I've read and learnt much from you over the years and now its my turn to join in! Today I made the last payment on the last of my unsecured debts, now it's time to magic away the mortgage! :T I've learnt not to set myself targets - its too upsetting if I fail to meet them! Instead I'll keep doing whats…
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Mortgage Overpayments
Hi All, Does anyone know when's the best time in the month to make mortgage overpayments? I have a daily interest repayment mortgage with Halifax and they cannot provide me with any advice in this matter. I'm making monthly regular overpayments at the beginning of the month but don't know whether I would benefit from doing…
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mortgage free by 45 diary
HI, I am a long term lurker but as I have just sorted out a new mortgage I am all geared up to get it paid off asap. I started with a lovely northern rock 100% mortgage in 2007 at 160k always intending to overpay as 25 years seems an very long time. My plans haven't quite worked out how I had thought though, as I ended up…
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My MOvember Challenge - Mortgage Overpayment November
So we've all heard of Movember, you know where you grow some facial hair just for November, well being a lovely, young lady (actually I lie, I am not lovely or young and although female probably could not be classed as a lady :D !!!) I have decided to have my own challenge. Welcome to craftingmad's Movember Challenge…
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Small overpayment has increased our monthly instalment?
Hi All We're finally at the stage where we want to start paying off our mortgage. We're on a repayment mortgage with no fixed rate. I paid £5 extra by standing order (using the details given by BOS), but today we've received a letter thanking us for the payment and telling us our new monthly payment amount. This has…
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There but not there
Hi all I've lurked around here for a while and decided I wanted to share my mortgage "storey". I bought my house at the age of 26 after working and renting for a few yrs after uni. I was single at the time, house cost c£60K. For many years after I was not at all money savy. I changed my car too often, using loans to fund…
