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The Mortgage Free in Three - Take 2 challenge (MFiT-T2)
Comments
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I know that you have been discussing the folk who have not updated the chart this time round. I have not done this and can do this if you wish. We have moved house last week so mortgage has increased and I have not paid any overpayments for April or May since we were porting over the mortgage figure and did not want to get it distorted. Hoping to make the first overpayment next wednesday but not sure if this will show on website as it is still in the early stages.
Number 46 and current mortgage today is 58655.38+57007.68 giving a total of £115663.06 for me to start in June 2010. Hope to reduce to £105,000 but time will tell if we can achieve this.
Sorry about the lateness and I will do it by goggledocs next time in September.MFIT T2 Challenge - No 46
Overpayments 2006-2009 = £11985; 2010 = £6170, 2011 = £5570, 2012 = £12900 -
£11,670 to get back into the green for the next one - oh dear! :rotfl:
At least I'm nearly back to my starting point!0 -
financialbliss wrote: »RosieTiger,
Don't worry - the update to the second chart won't actually get published until 12th June - sometime when I get the time on Saturday.
Do you want me to take your £78,200 value instead?
FB.
FB - thanks for your efforts, no need to change anything this is fine.RosieTiger - Highest £242,000 Feb 2004 :mad:
Lightbulb Dec 2008 £146,000 by March 2026:eek:
MFi3T2 and T3 No 28 - Dec 2009 Start Balance £117,000
Current Position-Fully off set by savings since March 20130 -
No 89 ...
We will be increasing our mortgage due to a house move. I want to continue with the challenge but update my starting and current totals to still reflect the amount I have overpaid.
so ...
Please increase my starting figure to £159,740
Please increase my target to £79,870
Please increase my current figure to £154,549
Thankyou.0 -
my current balance is 94,140cc1 5429
cc2 3052
loan 10127
mort 92061
total 106710 -
Not doing so well :-(. My mortgage currently stands at £88000.
Consideration is going to have to be given to changed my project end balance.MFiT-T2 #102
[STRIKE]Sept 2010 = Mortgage only @ £86,000[/STRIKE]
[STRIKE]Dec 2010 = Mortgage only @ £84,500[/STRIKE]
[STRIKE]Jun 2011 = Mortgage only @ £79,000[/STRIKE]
Mortgage free June 2015!!!!!! :j:j0 -
Thanks so much FB & Maz, your hard work and spreadsheet juggling is really motivating. Well done fellow MFiT#T2 peeps, we're getting there! A cheeky Sunday eve glass of wine to celebrate all our hard work!Challenge: To be mortgage free by Dec 2012
Mortgage 12/12/09 = £21,500, 12/03/10 = £19,700, 12/06/10 = £17,800, 12/09/10= £15,985, 12/12/10=£14,550, 12/03/11 = 0 Mortgage Free :j
MFi3#T2 No. 103
"Opportunity is missed by most people because it is dressed in overalls and looks like work." Thomas A Edison0 -
Thanks so much FB & Maz, your hard work and spreadsheet juggling is really motivating.
I think so too, it's brilliant having all the numbers worked out for us.
My regular saver is growing slightly faster than my shortfall, which is good news, but now I have to cut the standing order drastically for one, maybe two months to cover a tax bill and holiday spends. Not ideal, but I'm focused on getting it back up to the max. before the next update deadline.
Target by then is to stay "in the yellow" by making actual overpayments when possible - seeing the mortgage sub-50k for the first time will be a good feelingGood luck to all MFWs!
:T:j :TMFiT-T2 No.120|Challenge started 12.12.09|MFD 12.12.12 :j:T:j0 -
Uh-oh, £970 behind schedule to be green......hmm, wonder if I could send the pets out to work!
Thanks for the update, it helps to focus the mind.:TWhat goes around comes around.....I hope!0 -
I have managed to find the £235 needed to be in the green after getting a tax credit back payment. Why could that not happen last week. :rotfl:By the time my normal payment comes out tomorrow too i should be ahead of the game for the time being.
Thanks again to FB and Maz. This is a seriously motivating thread and it is a good support through the good and bad times on this challenge.0
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