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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
    Many thanks Wynnvegas (looking at the time you posted - were you actually in Vegas at the time?) and Desperate Housewife for the motivational posts
  • Lois_E
    Lois_E Posts: 2,227 Forumite
    Ninth Anniversary Combo Breaker
    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 13/4/19
    Home loan 1: £21,102.50 Home loan 2: £7,698.99
    Total owed: £28,801.49
  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 2 August 2011 at 4:55PM
    Lois_E wrote: »
    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. Oops :(
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
  • Hurdler
    Hurdler Posts: 1,361 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Mortgage-free Glee!
    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
  • diadeb
    diadeb Posts: 91 Forumite
    Part of the Furniture Combo Breaker
    gerbiljo wrote: »
    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 £50000
    Mar 13 £5660/11.32% June 13 £12513/25.03% Sept 13 £16951/33.90% Sept 14 £38391/78.78% paid off
    MFiT-T2 Number 34 Reduce mortgage by £66471
    Dec 12 100% paid off!
  • gerbiljo
    gerbiljo Posts: 848 Forumite
    Mortgage-free Glee!
    edited 2 August 2011 at 7:50PM
    diadeb wrote: »
    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 diadem :) Good 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= 17
  • greent
    greent Posts: 10,790 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Morning all :D

    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! :D


    Thanks to FB :D:D
    I am the master of my fate; I am the captain of my soul
    Repaid mtge early (orig 11/25) 01/09 £124616 01/11 £89873 01/13 £52546 01/15 £12133 07/15 £NIL
    Net sales 2024: £20
  • wynnvegas
    wynnvegas Posts: 1,377 Forumite
    Mortgage-free Glee!
    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,

    Billy
    Mortgage Free: 28/10/2010
    Time / Interest Saved: 18.5 years / £61,866.50
  • wynnvegas
    wynnvegas Posts: 1,377 Forumite
    Mortgage-free Glee!
    diadeb wrote: »
    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,

    Billy
    Mortgage Free: 28/10/2010
    Time / Interest Saved: 18.5 years / £61,866.50
  • abouttimetoo
    abouttimetoo Posts: 1,860 Forumite
    Part of the Furniture Combo Breaker
    Hurdler wrote: »
    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 days :o
    MFW 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 £1,995
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