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The Mortgage Free in Three - Take 2 challenge (MFiT-T2)
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Hi All :hello:
Can anyone tell me the date of the next update please?
smf20 -
12th of Sept :j£14, 500 to go0
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setmefree---next update is 12th sept
ive reached 2k emergency fund--original idea was to get it up to 7k
instead im going to o/p mortgage again from this month an very slowly add to emergency fund£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£42000 -
mortgagenomore wrote: »12th of Sept :j
Thank You!!!0 -
0
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Just updated, £46700 for us, no more overpayments this month wanted to squeeze them all in for the update. Really looking forward to the 'next' update, I love december and xmas and we will be into the final third after that, I'm one of the ones for which its dragged so love the updates as it provides a milestone
Good luck everyoneMortgage 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 -
£694 o/p sept
1.£48k-debt/mortgage-12/12/09
2.£8k-bank loan debt--PAID--1/6/11
2.£2k emergency fund--HIT TARGET-1/9/11(changed ef to 2k instead of 7k---slowly building up ef)
3.£32k-mortgage-mfw--2015£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£42000 -
Hello all
Just updated my signature to include my new challenge (thanks for adding it FB). As my original target of clearing our further advance (originally £30,000) will easily be achieved by 12/12/12 I am now also aiming to get our main mortgage into 5 figures by 12/12/12, although any overpayments are likely to be minimal to say the least until the first target is achieved.
I think I need to wait until the normal payment has cleared before making my first overpayment so I hope to do that between now and 12/09/11 so that it can be included in the official update.
Best wishes
HoobyMFiT-T2 #49 December 09 £15373, January 12 £0 target £0 by 12/12/12
TARGET MET 11 months early - YIPPEE
MFiT-T2 #50 August 11 £111,691.25, December 12 £96,699.20 target £99,999 by 12/12/12
TARGET MET 3 months early - YIPPEE
MFiT-T3 #49June 14 £76338.33 target £49999 by 12/12/150 -
Have just updated using the Google form.
After moving some funds around a bit and overpaying, our balance today is £141k dead on. Very pleased with that and am crossing all my appendages that interest rates will stay as they are for a while longer!Highest mortgage debt - £167k in Dec 2008
MFiT-T2 challenge - starting balance of £144875 in July 2011 - aiming for £130k by December 2012
Currently overpaying & hoping to be mortgage free by 20250 -
I'm going to be reporting a balance of £23,848.
I'm amazed how well we seem to be doing. I predicted we should be at £26,250 to be on track for where we said we would be by this stage of the challenge. This balance is where I expected to be around the end of March next year, so I have increased my amount I am ahead by an extra 2 months since the last update, where I was 4 months ahead.
Pretty pleased we have been so succesful on one income, and will keep pushing on as much as we can before the next update.0
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