pammyj74's MFW diary (or possible wishful thinking!!)

gallygirl

Mine is also v similar except when I fill a box in I enter the date.

Pammy, if your house is worth a bit less then you own more so not all bad

CathT

I love the house, how did you design that? You almost own your ground floor!

I have been checking grabbit too, mostly as I need to get organised and do a lot of shopping before baby arrives. I always end up spending money when I go one there but it does save me money in the long run!

pammyj74

I did it on excel, did think of doing it on word with better shapes but easier on excel

Radish72

I love the house. might have to do something similar

I just have a very boring 100 piece jigsaw puzzle that I colour in

pammyj74

Have added a proper roof and curtains and chimney top :rotfl:

Lois_E

gallygirl wrote: »

Mine is also v similar except when I fill a box in I enter the date.

Ooh, I'm beginning to think I'm going to need to do one of those soon. Pammy, you've really set a trend.

gallygirl wrote: »

Pammy, if your house is worth a bit less then you own more so not all bad

Sadly, no. If the house is worth a bit less, it doesn't take the mortgage down with it. The mortgage stays the same, but you own less of the house.

Caroline73_2

I think you should really paint the front as you pay off the mortgage! I will come past to check.

pammyj74

haha caroline, I have seen a purple house with yellow window sills somewhere near me but cant remember where now.

wish my house did look like this but mines an end terrace

pammyj74

Have OP'd £500 this month. :j

This months bumph for me to keep track of how its slowly going down

so figures for the year so far below:

Total Actual payments: Jan, £2096; Feb £1296 Mar £1596 Apr £946 May £1196 Jun, £1696, Jul £1746, Aug £1196 Sept £1196 (Total = £12964)

Original scheduled payments: Jan, £696; feb, £696 Mar £696 Apr £696 May £696 Jun, £696 Jul, £696 Aug, £696 Sept, £696 (Total = £6264)

Payments over/above original schedule: Jan, £1400; Feb £600; Mar £900; Apr £250; May £500; Jun £1000; Jul £1050; Aug £500; Sept £500; (Total= £6700)

Interest per day: Jan, £6.84; Aug, £6.05; Sept £5.95

Interest per month: Jan, £212; Aug £187; Sept £184

Mortgage balance: Jan, £70,425; Aug £63114; Sept £61600

% of mortgage now paid off: Jan 21.75%; Aug, 30.20%; Sept 31.55%

LTV - Sept 56% (based on £110k value)

Months shaved off in 2011 - 13 months up to Sept

Months left to pay - 8 years 6 months (102 payments) as of Sept

Have also shaded another brick on my house

pammyj74

I have a question about the 10% OPs you are allowed to do. What figure do they go by? Is it the figure at the beginning of the year or the beginning of your mortgage starting year (ie mine started in Feb) or does it change as the balance goes down, (not sure how that would be worked out)
My balance is now £61600 but at the beginning of the year it was just under £70k. Would I be able to OP up to 7k?
Cant believe I am asking that amount. Never in a million years did I think I would be able to OP that amount of money!