The Mortgage Free in Three - Take 2 challenge (MFiT-T2)

gingernutbizkit

Hi all,

Number 30 here. Google docs updated.
Current debt stands at £145083 making the percentage 13.45% and me £8572 ahead of my goal :T:T:T:T.

bad news is that me and Mrs Ging might be about to buy a static caravan for £9900 which is so typical :rotfl:.

Oh well, time to catch up again before the next date.
Ging x

gerbiljo

hey quick update from me (115) have updated via google docs too, balance now £99150 after payment came out and I shifted the odd across to make the targeted amount. My interest has come down to £4 a day now. Lokking forward to seeing the charts good luck everyone

diadeb

No 34 reporting in and updated via google docs. £66471 down to £46411! Reduction of £20060. :j Yippee! Well I have got off with a bang, but this is because of joining the challenge and therefore having the incentive to do some financial reorganising.

Most of the reduction is actually in a savings account and is therefore offsetting rather than a direct paydown. I opened a new savings account and moved spare monies into it, calling it my mortgage piggy. The plan is to use this money either when the timing seems right or at the latest, just before the end of the challenge.

At present we have a very low tracker mortgage and therefore earn more in the savings account than we pay in mortgage interest. I'm also making a small regular direct overpayment and any extra payments with spare money. So the last couple of months also include the spare council tax, water rates and £65 I saved in coins! Good luck to all the rest of you.

motch

Hi FB and everyone.

Have sent figures via google.

My Mortgage balance has only decreased about £432,but i've been paying off credit cards and have only 2 months left of my 5 year Loan:j
so will pay more off the mortgage soon
I also have an endowment running which i could use to pay some off -if need be, at a later date.

perrywinkle

perrywinkle

mortgagenomore_2

No 154 clocking in at £32470 start £33990 so op'd by £1520

chirpchirp

FB I've updated. I won't be paying anymore before the 12th. Sent details of amount paid off mortgage and amount paid off savings, hope you can find a way to incorporate both!


Hoobydoo we got 2nd choice how about you?

egon

#63 here

We op'ed £25000 on Saturday. DH didn't get an update, so soonest I have it, I will submit via google docs. Way ahead, but I know we will only be able to make small op's from now on.

brizzledfw

Hello there - have updated googledocs. Think I am in amber and can't quite work out to nearest penny but have dropped my mortgage to £173,484.72..check out the latest signature - woo hoo

Its a good good feeling.....:D

gallygirl

:wave: Hellllloooooooo :wave:, no. 11 here

Start £68,416
1/3/10 £62,889

My spreadsheets are set up to update on 1st so that's me for now.

Googledocs thingy done

Thanks FB & Maz :T, and well done everyone :T