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The Mortgage Free in Three - Take 2 challenge (MFiT-T2)
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Many thanks Wynnvegas (looking at the time you posted - were you actually in Vegas at the time?) and Desperate Housewife for the motivational posts0
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Just having a look in on this thread - I don't often come on here because I'm not part of this challenge. However, I just wanted to say that I love that colouring in idea. I've now made myself a pie chart on my mortgage spreadsheet that shows me the value of my house split up into mortgage, loan#1, loan#2 and equity.
Oh, and in case you didn't see my post on the 2011 MFW thread, I have a fairly simple mortgage spreadsheet that deals with daily interest including OPs even if they're not on the usual mortgage payment day of the month. It's available on Google Docs here.
Hang in there everyone, and keep going!Starting again 13/4/19Home loan 1: £21,102.50 Home loan 2: £7,698.99Total owed: £28,801.49
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Just having a look in on this thread - I don't often come on here because I'm not part of this challenge. However, I just wanted to say that I love that colouring in idea. I've now made myself a pie chart on my mortgage spreadsheet that shows me the value of my house split up into mortgage, loan#1, loan#2 and equity.
I have a little house done in excel. Was going to post it but it's coming up ginormous, but I really like it. Each brick represents 1k. Was all going well till accidentally bought another house then went back to where we were in 2009. OopsA positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effortMortgage Balance = £0
"Do what others won't early in life so you can do what others can't later in life"0 -
I wanted to do the same - except my mortgage will be around £135K and that was a mind-boggling number of cells... made me feel quite queasy!
So I decided to do mine in the number of months left in my mortgage once recalculated and I am aiming to pay monthly chunks off at a time....
It's at the end of my thread as a rough knock up.
By the time I get to start this... it will be art!- Mortgage @ March 2008: £194,965 ; Lightbulb Moment: July 2011: £164,926; End Date: March 2033
- MORTGAGE FREE: September 2015
- MSE 1p Savings Challenge 2024 #50: Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec = £223.84/£671.61
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Yay our balance now starts with a 4....its a long journey! Nice to see the old guys popping back
thanks for the wisdom dhw. Keep up the good work everyone
I got drawn in today reading some diaries (I really have a million other things I should have done today but hey!) and yours was one of them as well as wynnvegas.I'm truly impressed with the motivation some of you possess. I really am doing this alone as hubby works far too long hours and when he isn't at work, he works on our house whilst I manage the money. So hanging around here helps a little with the money merry go round!
MFiT-T3 Number 61 Reduce mortgage by £50000Mar 13 £5660/11.32% June 13 £12513/25.03% Sept 13 £16951/33.90% Sept 14 £38391/78.78% paid offMFiT-T2 Number 34 Reduce mortgage by £66471Dec 12 100% paid off!0 -
I got drawn in today reading some diaries (I really have a million other things I should have done today but hey!) and yours was one of them as well as wynnvegas.
I'm truly impressed with the motivation some of you possess. I really am doing this alone as hubby works far too long hours and when he isn't at work, he works on our house whilst I manage the money. So hanging around here helps a little with the money merry go round!
Thanks diademGood luck with your challenge
Mortgage November 2003 was £135k, but thanks to this website on 28/08/12 we became MORTGAGE FREE!
Now just over 2 years we have taken on the challenge again! )(starting £237k Nov 2014) Current mortgage £232,399.82, current overpayment total £1550, years remaining= 170 -
Morning all
Current balance for number 117 = £81232.20 (as at 01/8/11). OPs in Jul = 743.57, Jun £738.57, May 678.35. Total OPs to 31/7/11 = £5402.85
According to my spreadsheet, with my usual regular OPs I'm on target to achieve the MFiT reduction target I set in August next year - which I'm pleased about, as I thought it was quite a stretching target at the time. Hopefully I'll make some more OPs than just my regular ones and achieve it even sooner!
Thanks to FBI am the master of my fate; I am the captain of my soulRepaid mtge early (orig 11/25) 01/09 £124616 01/11 £89873 01/13 £52546 01/15 £12133 07/15 £NILNet sales 2024: £200 -
curlygirl1971 wrote: »Many thanks Wynnvegas (looking at the time you posted - were you actually in Vegas at the time?) and Desperate Housewife for the motivational posts
Hi Curlygirl,
Not so much. It was a jetlag-enfused post as we're just back from Vegas. I thought I'd catch up on the various challenges that I used to be part of (and, bizarrely, miss a wee bit) to see how things were going and seeing how well everyone is doing was a great way to wile away the morning hours. I've been a less regular than planned visitor and supporter-in-chief of the MFI3-T2 challenge but now that I'm all caught up and I've dusted the pom poms off, I'm back being a fan...
Cheers,
BillyMortgage Free: 28/10/2010Time / Interest Saved: 18.5 years / £61,866.500 -
I got drawn in today reading some diaries (I really have a million other things I should have done today but hey!) and yours was one of them as well as wynnvegas.
I'm truly impressed with the motivation some of you possess. I really am doing this alone as hubby works far too long hours and when he isn't at work, he works on our house whilst I manage the money. So hanging around here helps a little with the money merry go round!
I hope you've finally got that furniture diadeb!! Our collective presence will be tarred with a bad name around your house for inspiring a complete lack of productivity!!
Cheers,
BillyMortgage Free: 28/10/2010Time / Interest Saved: 18.5 years / £61,866.500 -
I think that idea of having a house and bricks to colour in is great!!!
The IT Architect in me is contemplating Visio diagrams already
lol hurdler, another Visio person on here, although must admit I try to avoid doing them these daysMFW Start Date 1.4.08. Updated 23.1.18. MFW date 1.8.18
Original Mortgage o/s £187,643 / £71,904 (-115,739)
Repay o/s £92,661 / now £55,900 (-36,761)
Int Only o/s £94,982, now £16,004 (-78,978)
Total daily interest £1 [a) £0.77 b)£0.23
Total OP's:2018 target £TBC YTD £1,9950
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