just starting out

saveup

just starting out!
i have been impressed by everyone on here! well done to all!:T.

I will have 176k on the button owing from august for 30yrs and plan to start OPing, thought i would gear myself up warn the misses and tighten our belts....
Have some savings (back up plan redundancy money) in an isa, i work in the building industry and no one is building at the mo, so keeping my pennies safe, am aiming for a 10 year pay off but we would like another little bean so i guess thats more like 15 - 18 years to be MF any hoo hoping to overpay by 400 a month thats the max at the mo. will try the ebaying thing and we already do major voucher savings at shopping so that could creep up a wee bit.

thanks S

saveup

just reading thru more posts does anyone have a high(ish) mortgage on here everyone seems 100k max?

thanks
:money:

Barny1979

I have a £150k mortgage

saveup

yeah cool just read your post.... good luck!

just working out what i would have to pay to acheive MFW buy the time im 40 (5 years) for a laugh) £2.5k a month Overpayment!

10 years £1k a month

on top of £945

with a little sproglet i think thats not a chance in hell! hehehe!

Ma77hew

My mortgage is £253kish :eek:, maybe we should have a thread to see who has the highest mortgage on MSE.

Good Luck with the OP.

MrC-117

It's about 117k now, but was £143 when I first had it.

wantabetterlife

my mortgage is 161k, initially 167K. I know what you mean, when i read some of the diaries and the mortgages are only 50K i get a bit disheartened and think whats the point as my overpayments seem so tiny in comparison to the actual mortgage. I am trying to be positive though and keep the attitude that every little helps!

saveup

it all seems daunting! and just thinking of being 50 is bad enough!;) but having a mortgage as well!

Floxxie

Mine at the highest was £120k.

Don't be put off...I see people with low mortgages talking about struggling to get them paid off in 10 years and I'm sitting here working out what I would sell to clear their mortgage :rotfl:

saveup, does your OH work? As well as eBaying, there are a number of other money-making as well as money-saving options. I don't work outside of the home but all our overpayments have come from money raised doing bits and pieces.

When you start with a large mortgage it does seem an never-ending and impossible task but you can get it down and the overpayments do start to make an impression sooner than you think.

For further ideas take a look at the 'up your income' board, 'the 'old-style moneysaving' board and the 'GIOL' (gambling) board for matching betting (not gambling) for ideas. It all helps

Look forward to reading how you are getting on.

saveup

cheers floxie.

will start with payments august the 1st when current mortgage goes to new one... 6.22% to 4.85% had to fix it for security reasons (i dont like a gamble)

payments of £928.74
op of £471.26
rounds it up too £1200

means paying off in 15 years 1/2 the difference.
would like to get it lower will be ebaying my !!!! off


anyone want to buy some blades of grass?

:rotfl:

ShelleyC_2

saveup wrote: »

anyone want to buy some blades of grass?

:rotfl:

Depends how much you charging?!

Good luck on your mortgage free journey