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

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Comments

  • curlygirl1971
    curlygirl1971 Posts: 1,367 Forumite
    Part of the Furniture Combo Breaker
    black_taxi wrote: »
    £590 paid today--balance £34775

    june will be a milestone--as well as halfway thru challenge----all my loans 9k will finaly be paid off---which will leave only mortgage

    Wow - I guess that will feel amazing. Hope you are going to have a mini-celebration
  • black_taxi_2
    black_taxi_2 Posts: 1,816 Forumite
    Debt-free and Proud! Mortgage-free Glee!
    yep--going to a steakhouse

    was thinking of shortening term to 2014 but would over-stretch myself---2015 means i can take it easy and save a little
    £48515 interest £181 (2009)debt/mortgage-MFIT/T2/T3
    debt/mortgage free 28/11/14
    vanguard shares index isa £1000
    credit union £400
    emergency fund£500
    #81 save 2018£4200
  • black_taxi_2
    black_taxi_2 Posts: 1,816 Forumite
    Debt-free and Proud! Mortgage-free Glee!
    just to say all my monthly payment figures--is balance AFTER debt interest is taken off

    so at the beginning i was paying £178 a month on top of balance---now its down to £107
    £48515 interest £181 (2009)debt/mortgage-MFIT/T2/T3
    debt/mortgage free 28/11/14
    vanguard shares index isa £1000
    credit union £400
    emergency fund£500
    #81 save 2018£4200
  • RosieTiger
    RosieTiger Posts: 863 Forumite
    Jock_Tight wrote: »
    Another major milestone reached, we are now in the TEENS, £19,935 to be precise! :j

    Since joining the Mortgage Free in Three (take 2) challenge in December 2009 we have dropped ~£20k from the mortgage and are half way towards our goal.

    Thats a really good milestone to hit! Well done.
    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 2013
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    Hi

    I've lost track- when is the next update?

    smf2
  • curlygirl1971
    curlygirl1971 Posts: 1,367 Forumite
    Part of the Furniture Combo Breaker
    12th June :)
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    12th June :)

    Thank you :D
  • Superfast_Gran
    Superfast_Gran Posts: 199 Forumite
    Part of the Furniture Combo Breaker
    12th June :)

    The day before our 19th Wedding Anniversary - lol!
    :( Struggling too much wears a body out :cry:
  • financialbliss
    financialbliss Posts: 1,952 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    setmefree2 wrote: »
    Hi

    I've lost track- when is the next update?

    smf2

    Tut, tut setmefree2. June 12th. Thanks for stepping in curlygirl.

    Schedule is on page one of the challenge.

    FB.
    Mortgage and debt free. Building up savings...
  • mummyofonechild
    mummyofonechild Posts: 1,995 Forumite
    Part of the Furniture Combo Breaker Mortgage-free Glee!
    Morning all.

    I have just received my confirmation letter from the Britannia to confirm receipt of the £3000 cheque. My normal mortgage payment should now be £18 per month and our outstanding balance is now £2230. Our current overpayment is fixed at £417 per month so will definitley be MF by the end of the year :D

    Hope you are all having a lovely weekend.

    MOOC xx
    Mortgage Free as of 31/5/11 :j:j:j:j:j:j:j
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