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Halving our income and still aiming for mortgage free!
Hi everyone, A long time lurker of DFW forum, and then here. Finally starting my own diary as I feel it will help keep me on track! As the title suggests we are halving our income as I have resigned my job in order to keep sane and support DD with home educating for the next year. The last two years we have managed to…
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julicorn's journey 3 - The House on the Hill
Hi all! Long time, no see, at least when it comes to the diaries (I still run the mortgage free challenges, of course). Where do I start? This is my third diary on here, the first talking about our initial mortgage pay off journey for Mr julicorn and my first flat (bought in 2017). If you have too much time on your hands,…
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Posting for motivation!
Really want to retire in 6 years. Mortgage being paid off is the determining factor so trying to throw everything at it! Current balance £188,723 Basic payment: £1437 Fixed overpayment:£500 Additional payment this month: £500 so far.
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Time to start my race to zero
I've found myself at home, with far too much time available to stew and panic about everything, so I thought I'd tackle that subject I've shoved to the side for quite a while now - the race to get my mortgage balance down to zero. In terms of background, I spent most of my youth from 16 onwards trying to save up and shovel…
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Paying down the mortgage
I am trying to get back into the swing of noting any overpayments to the mortgage after we remortgaged this month. I have consistently overpayed the mortgage, a set amount of £105 a month for a while as standard. This time, we remortgaged to 22years, after extending to 30years, to make the mortgage more affordable due to…
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My Five Year Focused, Frugal and Fun Challenge
Hello all :) it has been a long time since I posted on here and a lot has changed. I'm now single and bought my new home last year. It needs a lot of work but after the next couple of jobs are done I’m having a break from doing anything else so I can focus on paying the mortgage off. I wouldn’t book any of the people again…
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Alchemausterity II
Traditionally I would post in purple, but times change and on my mobile. I was torn between DFW and MFW but I feel like this is my spiritual home! I haven't been around for years and in that time we've moved to a smallholding. DD1 now at uni, DD2 doing GCSEs and DS1 starting secondary in September. We have a whacking 270k…
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Rolling Down the Green Hill Towards REtirement 😊🌄💚💜
Happy New Year!!! As our MFW journey finished back in July 2015(wow!) on our family home and Apr 202 on our BTL (because we sold it! :D ) I thought it was time for a new diary (seeing as some others are doing it, I thought I'd also jump on the bandwagon 😉 🚙) and the new year seems a good time to start. Back when I started…
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Z's MFW journey
As I've been watching the MFW forum for a while, I thought it would be good to start my own thread.We bought our current house in summer 2022 and owe £126,000 on the mortgage. Hoping to pay this off before 2028 as we'll be 40 then. We're on a 2 year fixed deal until Sept 2024 at 2.64% on a 30 year term. Obviously a bit of…
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Lumiona's MFW Diary
As a forum lurker, I'm not a threadstarter but I figured like many of you that a diary is a good accountability method. Ok so here goes: Backstory, we moved to our current house in 2006, bought for £178k mortgaged at £130k for 30yrs. Interest rates were high monthly payment about £750, went up to nearly £900 at one stage.…
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Pay off mortgage or save
Hi Currently have 21, 000 left of mortgage to pay at 3.44% this interest rate ends oct 2027 and the remaining term is 3 years 4 months. We pay £576 a month and have been paying over payments too, We have a fixed isa that finishes next month and will cover that amount with a little change, is this the best thing to do??? We…
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I can't say this in real life...
Because few have this privilege... I couldn't even say this to my best of friends. Or even my Mum! But I paid off my mortgage yesterday after ten years aged 43, just me. It's "only" a 2 bed flat, but it's mine. I rented out the master bedroom / ensuite available to a lodger all this time (bar a break for the pandemic), and…
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The "Mortgage-free in 2025-30" club!
Welcome to the thread for all those MFW's aiming to get MF during 2025-30. Come and chat to people working over the same timeframe as you, and then join the party in 2030 when we're all mortgage-free! :D If you'd like to be added to the members' list below, just post your details and I'll add you. Prod me if I don't - it's…
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Mortgage - Pay off or wait? Invest?
Hi all, New here, so please be kind! I'm useless with money and savings and looking around has my mind very confused to say the least. So many factors around ISA, Savings, Interest, Tax etc etc. So I'm playing dumb and hoping for some very simple answers. Long story short; My wife was diagnosed with cancer over 6 years…
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Mortgage overpayment
Hi all Can you makes sense of this for me coz numbers and I don’t go together. 😂 We are due to remortgage end of December. We will owe £290k. We have £50k savings so are going to pay that off so we need to now borrow £240k. I’ve been on a mortgage calculator and I can’t understand Why in 5 years time the balance we will…
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The Long and Winding Road
This seems like an appropriate thread title given the very long path we have to walk to get even close to mortgage free, but we're certainly thinking about it and have been taking note of small milestones already. Hopefully this thread will see our walk turn into a canter. Except with one significant and self inflicted…
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Countdown to Freedom
A new diary as we enter the last two months of 2011. I have been lurking for almost a year and have found so many of you inspirational, particularly Billy, Michelle, Radish, and Museum Worker. A bit of background I am married to a great man, two kids who are growing up too quickly, two cats and a dog! Never a dull moment…
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Mortgage free wannabe - haven't bought our house yet!
We have owned houses before but moved location and are currently renting. We have had an offer accepted on a property and I'm trying to decide on a mortgage term that will help us in our quest to be mortgage free (ideally before my oldest child starts university in 9 years time). We are borrowing quite a bit less than the…
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Aiming to be mortgage free before I am 62!
It feels very bizarre to be starting a mortgage free wannabe diary! I (and we when I was part of a we!) have always been a bit of a on off rollercoaster between paying off debt and creating more debt! I can’t really put much of a potted history of my finances together as I don’t really know how things built so much or how…
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Mortgage Free: The final countdown
Hello - Just signed up to Julicorn's MFW OP thread, but I felt I wanted to create a diary for this aspect of my financial life. Sorry for the thread title - @FootyFanDan and I were having some music banter over at the DFW diary's and I just thought it was a great idea for a thread title (pun included) Situation: As of the…
