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33 years left on the mortgage, gonna start my MFW log now!
Comments
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Quick annual update:
Mortgage repayments increased to £500pm, term reduced to 14 years! Balance now £126k, capital repayment double what it would have been with no overpayments!
Only issue is now that the repo along the street that is identical to our house sold for £91k!!!! that's almost £40k less than we paid for ours, ouch. Still, hoping to keep our heads down, overpay and see how things soMortgage £120K, monthly overpayment £600, 18 years and £100K saved0 -
Great to have an update, sounds like you're making good progress JohnColesCarr
Feb 2012 - onwards MF achieved
September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
April 2018 down to 28.00 months vs 30.04 months at normal payment.
Predicted mortgage clearing 03/2047 - now looking at 02/2045
Aims: 1) To pay off mortgage within 20 years - 20370
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