Mortgage Free by the time I'm 40. 10 years and counting!

wantabetterlife · 23 May 2011 at 1:35PM

Hi Barny....was wondering where you had dissapeared to, nice to see you back posting and well done with the mortgage :j:j

Barny1979 · 3 June 2011 at 12:18PM

Mortgage balance is now £119,947.45

Barny1979 · 10 June 2011 at 7:27AM

£800 overpayment made today

Barny1979 · 22 July 2011 at 1:22PM

£700 overpayment made today!

Barny1979 · 27 July 2011 at 12:56PM

£400 OP made today

BaconandEggs · 27 July 2011 at 5:40PM

Hi Barny,

Enjoyed reading your diary!
Inspirational.
I hope to join you with your challenge of being MF by 40!

Barny1979 · 29 July 2011 at 1:24PM

£500 OP made today

Barny1979 · 1 August 2011 at 12:41PM

Mortgage balance is £117,278.42 with the loan element all paid off now!

Barny1979 · 2 August 2011 at 5:36PM

Comparing before and after:

30th June 2009
Current interest rate = 6.29%
Mortgage outstanding = £120,783.96
Unsecured Loan element = £29,505.60
Current Mortgage payment = £751.70
Current Loan payment = £176.94
Remaining term = 32 years 4 months

Total Outstanding = £150,289.56
Monthly payment = £928.64

2nd August 2011

Current interest rate = 4.79%
Mortgage outstanding = £117,278.42
Unsecured Loan element = £0.00
Current Mortgage payment = £649.60
Current Loan payment = £0.00
Remaining term = 30 years 2 months

Total Outstanding = £117,278.42
Monthly payment = £649.60

KnightSmile · 2 August 2011 at 10:18PM

Wow your progress has been amazing!! Surely you are smashing your original target!?

Mortgage Free by the time I'm 40. 10 years and counting!

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