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

perrywinkle

perrywinkle

Queen-Bee_2

Floxxie wrote: »

I'm sorry but I am going to have to pull out of the challenge. My husband decided to have a mid-life crisis and leave me and the children yesterday. My priority now is to put the house on the market and then get the solicitor to make sure that I get some of the equity back.

Floxxie, I am so sorry to hear your news. You must feel devastated. I hope you manage to get things sorted out as smoothly as possible - and do let us know how you get on. Very best wishes to you and your LOs, QB

gerbiljo

Floxxie, I hope you get a good price for the house.

I have just put in my update I can't see anymore overpayments coming before the 12th, messed up my interest calculation and have a very annoying balance of £82197, no extra to go towards making the number more pleasant either! Heading for sub-80 next month, depending on other house issues.

Looking forward to the chart

mortgagenomore_2

Updated at £28,250 :j

Good luck in the future floxie to you and your kids!

greent

117 reporting in with balance today of £96319.33 for the update (have sent googledocs update). Will hopefully reduce a bit more later this month as I'm looking to be sub 95k in Oct


Floxxie - big ((hugs)) for you. Hope the house sale goes through quickly, smoothly and that you get a good price.

RosieTiger

wynnvegas wrote: »

Busy over the last few days - finally sorted wills out (free from Martin's email a couple of months back) and, following extensive health checks, the new life insurance kicks in tomorrow so there's to be no dying today!

Cheers,

Billy (#85)

Hey Billy - congratulations on the no dying today, that kind of puts getting the mortgage paid early back in it's box !!!:rotfl:
Seriously - well done, your almost there!

RosieTiger

Well done everyone, there seems to be some fantastic results being achieved.

I have just paid the magnificent sum of £27.79 as an additional payment which has come from my penny jar. My daughter had less qualms than me about paying it into my account !

Double_Trouble

The good news is I have done my update - the bad news is that I have gone slightly backwards since the last chart due to a remortgage which came through today

All my debt is now in my mortgage but as it is an offset mortgage I am keeping the money owing on my 0% cards in the offset until the 0% deal ends so I get the full benefit of my current 0% deals but won't be looking for any new ones when they expire and no more transfer fees :j

Not scheduled to make any major repayments before next year now I just want a simpler life with no hassles about deals expiring I will keep as much as possible in my offset account especially as my major income is only paid twice a year although how I am actually going to work out how much is "real" offset and how much is future expenditure lodging there temporarily I am not sure so that I can give accurate updates I will have to think about that one.

No idea if I will get any where near my target have had a difficult few months on a personal front and being mortgage free has slipped a bit on the agenda as I have allowed more freedom to actually enjoy life you never know how long you have got

Looking forward to the new chart

DTxx

Trying_to_be_good

Double_Trouble wrote: »

... how I am actually going to work out how much is "real" offset and how much is future expenditure lodging there temporarily I am not sure so that I can give accurate updates I will have to think about that one.

Hi DT

I run a spreadsheet for the offset, with multiple columns for each 'pot' of money within - my savings, OH savings, money that could go to an ISA, and house renovations - then I only include my own savings plus the ISA in my figures below, but it's all offset against the mortgage. Simples!

I agree on the balance of mortgage-free questing and living life for today - all one-sided is no good either way.

hypno06

Floxxie - hugs to you. Ny husband did the same thing earlier this year and it completely threw me, but I am starting to get myself together again and I believe that I am a stronger person for it, and I truly hope you will be too xx

I have updated my challenge - current mortgage balance £174990.85......which still shows me in the green zone I think, so given all things uncontrollable in life, I am happy with that!

Good luck to everyone reporting in