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

tattycath

black_taxi wrote: »

Tattycath if you want your same lucky number 106 for MFIT-T3

I will swap with you

Thanks hun. That would be great.

shop-to-drop

173 here.

In the last three years we have been inspired to take over £33,000 off our morgage. Our unachieved target was optimistic and also relied on us selling shares and paying off a big lump. We haven't done that for two reasons. Firstly our shares pooped they're pulling back and we are hoping they will keep doing so. Also at the beginning of this year we changed the mortgage and so stopped all overpayments as we are only paying 2.5% now. Mortgage is now £56,700 but we are planning on selling early in 2013 and buying a very much needed bigger house. Our mortgage will probably be around £200K then.:eek: I haven't joined the next challenge for this reason but hope to once we are settled.

Well done to all and good luck with your new challenges. All those who have achieved being MORTAGE FREE, enjoy!:)

Alion

No 65 checking in at year end

We set the challenge of reducing our mortgage from £150k to £100k but got our heads down and absolutely smashed it, recording a final value today of £64,090.03!

During the challenge we managed to become 'mortgage neutral' in November.

Our final value doesn't truly represent our situation any more though as we took out a second mortgage when we moved in November and now owe £270k, and live in a house we could never have dreamed of in an area we love where we are already completely settled and so happy we feel we're living in a dreamland.

So bring on the next challenge, we've got a new mortgage to smack!

Thank you all for sharing your journeys and our journey.

hoobydoobydoo

Hi

Posted a couple of days ago, hoping that the regular overpayment would come off in time for 12/12/12 and it has, so my final figure is £96,699 which is £3300 lower than originally hoped!

I am both delighted with what I have managed to achieve and absolutely AMAZED by what many of you have managed to achieve, so I am definitely on board for the next challenge.

Congratulations to us all
Hooby
x

Kaz2904

Well my final update is he. I splashed out and rang the mortgage company to get precise figures . We now owe £6316.14 so paid £540.45 more than our target. Woopwoop!
Just another 5 payments to go until we're mortgage free

taka

No 101 reporting in. My challenge was to reduce my mortgage from £44,790 to £33,500.

As of today my balance is... £33499.99! :j Woohoo! Target met! It has been a funny few years as I got made redundant half way through this challenge. Thankfully I managed to get a new job fairly quickly but it involved a ~20% pay cut so it has been much harder to keep remotely on target.

Well done everyone and thanks to FB for running this! I'm off to MFiT-3.;)

abouttimetoo

Hi all

I've been AWOL for a couple of months now Can't believe we are at the end of this challenge already, I know we started in Dec 09 but i think it was Jan 09 when FB first started collecting names so nearly four years ago :eek:

I'm on a work laptop for the rest of the week so I hope FINANCIAL BLISS sees this as i can't access the google docs page on works systems

So.. my final position is £65, 602

FB, i'll also drop you a PM in the hopes that your mailbox isn't full and that I make it in time for the final update

Well done everyone, can't believe how much you've all achieved :j:j

financialbliss

Hi all,

Last chart in this challenge due to be published tomorrow. I'd actually hope to be publishing it this evening, but time has escaped me this evening.

In case you have been under rock for the last six or so months, there's a third challenge and you're more than welcome to join in if you've not expressed an interest just yet.

I've a few PMs and both the MFiT-T2 and MFiT-T3 challenge updates to get through, so looks like tomorrow is going to be a busy day...

Never too late to get an update in if you have not done so already.

Thanks everyone!

FB.

the_end_of_the_rainbow

HUGE THANKS to you FB for running this challenge - can't believe 3 years have gone so quickly.

You've been a massive inspiration to us all.

Roll on MFiT - Take 3!

the_end_of_the_rainbow

Just wanted to be the first to post on 12/12/12 !!

Congratulations everyone :beer: