** Jock_Tight** mortgage free diary

Jock_Tight

black_taxi wrote: »

take-it your on-track for 1212 JT?

Yes, if all goes to plan hopefully 1st week in Nov 12

Jock_Tight

Another major milestone reached, we are now in the TEENS!, £19,935 to be precise! :j

Since joining the Mortgage Free in Three (take 2) challenge in December 2009 we have dropped ~£20k from the mortgage and are half way towards our goal.

We can see the light at the end of the tunnel :cool:, £19k to clear in 19 months.

Jock_Tight

We have just upped the fixed monthly overpayment on our mortgage by another £25 in line with our spreadsheet calculations to enable us to become mortgage free by December 2012.

This brings the fixed monthly overpayment up to £475 and the total monthly mortgage payment to £1040. Another £25 will be added to the fixed monthly overpayment in May 2012 to get us to the finish line.

Jock_Tight

May OP and June regular mortgage payment now off dropping us to £18,895 :cool:

wynnvegas

Brilliant Jock,

Many congratulations. Loving it as your plan comes together...

Cheers,

Billy

[Deleted User]

Wow well done!!

Jock_Tight

Regular mortgage payment for July came off last week bringing us down to £17,855.

Mid point of the year and we have paid off £7,989 off the mortgage so far during 2011, this was made up of £3,955 in regular payments and £4,034 in overpayments.

Cheers,
Jock

Jock_Tight

Hi all,

Fixed overpayment came off at end of July and regular payment went out yesterday, so mortgage is now down to £16,815.

Cheers,
Jock

wynnvegas

Hiya Jock,

Outstanding. Is December 2012 still the anticipated date of glory or will it come a bit earlier? I suppose it's all moot seeing as you're technically mortgage free anyway. Many congratulations on the pummeling of the mortgage anyway!

Cheers,

Billy

Jock_Tight

Hi Billy,

Looking at first week in November 2012 to become MF, we could finish earlier however my goal was to be MF before I was 40 (Jan 2013) which is well on track and seeing as we are on 0% there is no real financial benefit paying it off any earlier.

Been very busy at work and not had the chance to catch up on peoples diaries, looks like I have a couple of pages to read to catch up on your Vegas trip :cool:

Cheers,
Jock