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

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  • Ooo - my ability to join the challenge is a small step closer - FINALLY managed to exchange on my current place yesterday afternoon to complete this morning, buit haven't yet exchanged on the house we're buying.

    So, technically mortgage-free for the next couple of weeks (woohoo!), then it's into the monster mortgage on the life-time house for probably a ten-year-plus slog. I'll update with a target when we've exchanged/completed, so as not to tempt fate further. It will be fab when all this house move/job move stuff is finally over, the stress is ridiculous but the end is in sight!
    Mortgage Free thanks to ill-health retirement
  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Good luck TTBG :beer:.

    I've been thinking about my target & hope FB & Maz will allow me to give exact figure around 5th Jan - I have 3 mortgages (which is scary to me but they are still a lot less collectively than some of the scary figs on here :eek:) . One should be around 68k then so my target will be to clear that _pale_

    Great to see so many people joining. Hello everyone :hello:
    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"
  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    Good luck with the move to the forever house TTBG!
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • Count me in

    My aim for the challenge will be:

    Reduce Mortgage from £93,000 to £60,000
    MFiT-T2 #102
    [STRIKE]Sept 2010 = Mortgage only @ £86,000[/STRIKE]
    [STRIKE]Dec 2010 = Mortgage only @ £84,500[/STRIKE]
    [STRIKE]Jun 2011 = Mortgage only @ £79,000[/STRIKE]
    Mortgage free June 2015!!!!!! :j:j
  • Count me in too please! Our mortgage will be approx. £22,500 on 1st December:rolleyes:
    Challenge: To be mortgage free by Dec 2012
    Mortgage 12/12/09 = £21,500, 12/03/10 = £19,700, 12/06/10 = £17,800, 12/09/10= £15,985, 12/12/10=£14,550, 12/03/11 = 0 Mortgage Free :j
    MFi3#T2 No. 103
    "Opportunity is missed by most people because it is dressed in overalls and looks like work." Thomas A Edison
  • minimoocow
    minimoocow Posts: 205 Forumite
    edited 14 September 2009 at 1:49PM
    Well I would have joined at the start if I'd have known we'd be in our current situation but thought the orginal MFiT would have seen an end to our mortgagesfor a while!

    A moment of madness has seen us buying another house which we will hopefully be in before Christmas so I think MFiT take 2 is required!!! Not sure of our figures at yet but will let you know before the start of the challenge - just registering interest for now!

    Thanks

    MMC

    PS is it too cheeky to ask to be number 114 then I will be able to remember my no as it will be 100 more than the last challenge!!!
    :j MFiT Club Member 14 :j
    Mortgage Outstanding 01 April 2007 - £51,051 :eek:
    Mortgage Outstanding 25 February 2009 - £NIL :rotfl:
    Savings 01 April 2009 - £1,522

    Paid off 19 years 8 Months early - Original Mortgage £63,000 October 2003 - 25 year term
  • TheBees
    TheBees Posts: 601 Forumite
    Thanks to everyone for the suggestions regarding making a bit of extra money.

    I've applied for a couple of part time jobs last week and listed lots of things on ebay. Every little helps as they say!
    Mortgage Free in 3 part 2 challenge - pay off £9000
    Sealed Pot Challenge 416 - target £500
  • Hi,

    Mat_Money_saver_wannabe - you're 102.
    Kipper - you're 103.
    minimoocow - you're 114. #1

    #1 Should we fail to get to 114, you can be last in the list at say 110 or whatever we get to, but I'm sure we'll exceed 114 within 2 to 3 weeks, based on the current rate of new recruits.

    I've just PM'd you three - you're in :D

    Financial Bliss / Maz123
    Mortgage and debt free. Building up savings...
  • Thanks, I like a challenge! Our mortgage isn't huge, but we are in the middle of renovating our house at the moment so that's where all the money goes. Hopefully we can still find a little extra to overpay the mortgage each month.
    Challenge: To be mortgage free by Dec 2012
    Mortgage 12/12/09 = £21,500, 12/03/10 = £19,700, 12/06/10 = £17,800, 12/09/10= £15,985, 12/12/10=£14,550, 12/03/11 = 0 Mortgage Free :j
    MFi3#T2 No. 103
    "Opportunity is missed by most people because it is dressed in overalls and looks like work." Thomas A Edison
  • Raini
    Raini Posts: 471 Forumite
    100 Posts
    Hello All :hello:

    Just to let you know that I sent a cheque off yesterday for another £2,000 off our mortgage. Making it £151K now (which is what I hoped for the start of the challenge).

    Yay!!
    Mortgage: Jun 08 £155300~Repayment Made: £4300~Remaining: Mar 10 £151000
    DFW Nerd 1190
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