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Finally financially controlling my future!!!!
Hello you lovely like minded mortgage free wanna be's!!! omg its been such a long journey to get into this position but I am finally in sole control of my financial future and let me tell you it feels amazing! I am absolutely thrilled to be in this position. So a bit about myself, I am a single mom to two little ones who…
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Finance advice from you guys and gals please ?
Hi there , I’m not very financially minded I need to be especially during the current corona situation.Im a home owner £147,000 mortgage remaining on home valued at 175-180,000 29 years left, one year left with HSBC at £560 a month. Fixed. Currently ERP is £1100. I have a credit card with 6 months left at 0% with £6000…
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One Year Count Down
So this is the second time on this forum, we had great delight in finding our original log-in from 2014 (although cannot for the life of me remember the e-mail address and password to access). It stated we would be mortgage free in Jan 2020...we aren't but have made significant progress :) A little background, been in the…
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Making overpayments to Nationwide
I am now pretty much in a position to start overpaying my mortgage. I'm with Nationwide and when I log in to the overpayment page it seems to suggest that I need to pay £500 or more if I want the option of reducing the mortgage term. Am I reading this correctly? I was hoping to pay around £200-250 per month on a direct…
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Woohoo!
Milestone today, mortgage now under 50k remaining with 4 years and 7 months left! I’m aiming to have it paid off in 3 years with s bit of hugging and puffing!
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Feel a Bit of a Fraud TBH
I have to say I am still in shock – I am now mortgage
free. I feel a bit of a fraud as I sold our family home of almost 19 years and
have downsized to something beautifully formed and more manageable at the start
of July. The road to this point has been traumatic and so very,
very hard. In 2009 my marriage of 14 years fell…
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Climbing hills
Right, here I am all raring to go. About to get my mortgage for our next house. Slowly moving up the ladder but I feel like I'm coming to this a bit later in life than some others - I'll be 40 next birthday and want to be MF by the time fifty hits. I didn't leave Uni until I was 25 and didn't buy my first property till I…
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Can clear mortgage but ................. sound advice sought
Hi, It’s a little bit premature asking for advice but it’s something that’s been on my mind for awhile. I’m being made redundant around June July next year and since this was announced last year the redundancy package has been negotiated & finalised so I have a rough idea of how much I’ll be getting for my 21 years service…
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Mortgage overpayment strategy
Hi there, I'm currently on a 1.74% fixed mortgage, paying £408 a month. I'd like to set up a standing order for overpayments of £200 a month. Does it make a difference to reduce interest whether you overpay weekly, fortnightly rather than monthly? for e.g. either £50 weekly, £100 fortnightly or £200 a month.
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The Long Road to Freedom
Hi all Long time lurker - finally taken the plunge and signed up to share with you all my mortgage free goals as my wife is becoming bored of it! A bit about us; Both early thirties No children (hope that to change in the next couple of years) Live on the South Coast Current Mortgage Debt - £228,200 Current House Value -…
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REDUCE TERM OR OPT FOR REDUCED MONTHLY PAYMENTS
Hey All, Just spoken to Santander about over payment's on my existing mortgage. I've been told I may be asked to either choose to reduce my term on the mortgage or reduce monthly payments on my fixed monthly mortgage payments. Slightly confused :/ not sure which to choose. Any help will be appreciated Thanks
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Quest for (mortgage) freedom
I'm a long-time reader of this forum, I find other peoples MFW diaries really interesting and inspiring. Now it's time to do a MFW diary of my own and hold myself to account. OH and I bought a house in February 2019. We've spent around a year making cosmetic improvements (lick of paint, new carpets etc) as well as some…
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Must remember to keep it up to date !
Where to start ?!Well we purched our house just over 5 years ago and completed on my birthday. Back then it was just me and the wife !We spent the first couple of years on a full renovation and it got to the point where we nearly burnt out as we both work 6 days a week so it was getting done in all our free time and we…
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Can the mortgage rates be negotiable?
I'm learning a TON about the mortgage game. There's so much that goes on behind the scenes with mortgages being bought/ sold, etc. With all this craziness, I just had the thought, are mortgage rates negotiable? texttospeech.onl I've called around a bunch the past couple days shopping for the best rate. I've been quoted…
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5 years to freedom
Hello everybody. I have always overpaid a bit but the current situation has made me realise that more than anything I really want to own my home in full. Ironic I hate having a mortgage when considering my job. We are in our forever home - I am 36 and husband is 43. We have two boys 4 and 7. If anything lockdown has made…
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My 5 Year Plan.
Hi everyone. I'm going to join In and try and pay off my mortgage in 5 years. I Started making overpayments of £200 Each month earlier in the year and so far have managed to stick to it but now I want to up my game. Mortgage is £42,103 for 27 years, 3 months. Interest fixed at 3.19% until Oct 2023. Monthly payments…
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Financial Freedom through Mortgage Freedom!
Hi, My desire is to live a life of financial freedom. I think one of the main ways to achieve this is to attain mortgage-freedom. As such, we recently (June 2020) became 100% debt-free and I believe this is the best time to begin focusing on our mortgage-freedom. The figures: Our mortgage debt is: £65,993.68 Interest Rate:…
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Flexible/Offset mortgage with repayment penalties still worth it?
Even if there are penalties for a flexible/offset mortgage, is this not still a better option in the long term as once your balance reaches the debt on the mortgage you are mortgage-free?
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Fingers crossed MF in 6 months
Watching these discussions for a while and wanted to say am hoping to finish my Mortgage in 6 months and it will be payed off 5 yrs early . Mortgage 8,000 left to pay . OP of £350 per month and any extra in between i can pay . Credit card gets payed off in full . Thanks for listening x
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Longer term mortgage paid off early or shorter term paid on time?
We're getting a new mortgage after renting abroad for the last few years and are trying to decide the best way to organise our repayments. Would getting a 20 year mortgage paid 5 years early or a 15 year mortgage paid in 15 years, on average, work out any different? I've seen the article that advises to balance the…
