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

Superfast_Gran

pawlala wrote: »

ok so this is where I'm at, 12 months after paying off the first mortgage. Having had 12 months to build up some savings to pay for deposit on a bigger house for our kids, I'm taking on a new mortgage much earlier than expected. I didn't want to move until the very last minute, perhaps in line with my MFiT target at the end of 2012. But needs must and I'm moving to a different part of the country where the work is.

By the summer I will know where I am at with everything, but for now its a period of uncertainty, and I hate change.

So.... part 2 is most definately underway now, that is for sure. I have estimated that I will be completely mortgage free by June 2013 under current circumstances. I will try to update my diary when I know more :eek:

Good luck with everything - but keep posting

pawlala

I will........!

greent

(no 117) Having made OPs in Jan of just over £1500 our mtge is (according to my s/s - awaiting stmt) just under 90k and we are track to achieve our target of £67500 in Oct 2012 - but that's assuming i/r stay the same (they won't!), so I know this will change. Our current m/f date is 08/2017, so I've still quite a way to get it to my target of 07/2016 (about another 14k...) Still, targets should be a little challenging, I feel!!

RosieTiger

The number of diaries on here now is incredible - me thinks the world has woken up to how much a mortgage costs in real money !!!
Way too may read and catch up and a concerted effort needed by us all to ensure this one stays bumped to the top page!!!!

setmefree2

RosieTiger wrote: »

The number of diaries on here now is incredible - me thinks the world has woken up to how much a mortgage costs in real money !!!
Way too may read and catch up and a concerted effort needed by us all to ensure this one stays bumped to the top page!!!!

I used to try and read everything "back in the day" - then I just couldn't do it anymore! It's really great to see the MFW board so popular.

brizzledfw

Everyone is doing so well..

Greent ...thats one heck of a signature..how are you managing on that grocery budget..?? Very impressive..are you weezl in disguise?!

We have just taken money out of our OP pot to pay back a CC run up whilst away at Xmas. That was the plan but this site is helping so much ( I am really trying to see the good side here can't you tell:o) that I feel really really cheesed off that I can't make OPs this month plus had to remove money..oh well onwards and upwards.

More discipline...and being less tired...that's the way forward! And annual statement was good to see tbh as it showed just how little interest we are paying..long may interest rates stay low...

Brizzle

shangaijimmy

slow start to hte year in Jan, but thats to be expected as there are lots of birthdays. Still made £400 so we're up and running in 2011.

Jock_Tight

Now down to £23,545 as fixed OP came off today.

Adding this to my normal monthly payment and the bumper OP we made a couple of weeks ago means we have reduced the morgage by £2299 in the first month of 2011 :cool:

abouttimetoo

setmefree2 wrote: »

I used to try and read everything "back in the day" - then I just couldn't do it anymore! It's really great to see the MFW board so popular.

I remember when you used to do that SMF2, at certain points in the day I could see you name against all the 'most recent posts' and then see all your fab artwork, I always used to wonder if that was when you were having some kind of coffee breaks and could almost picture you sitting with your coffee whizzing through our diaries

You're both right about all the diaries now, it's a shame I can't keep up with them all but great to see the MFW's increasing

golfiematt

good good, less easy money for the greedy banks! keep it up people