£161,044.25 reasons to be mortgage free

Baby_steps_2

wantabetterlife wrote: »

Hope everyone is enjoying the lovely weather

Well the cheque from the solicitors has arrived and i have just done an online transfer to pay £10,000 off the mortgage Yee Haaa!!!!. Am soo delighted to get the mortgage below 150k as i didnt think that would be happening for a long time yet. Off now to update my signature :j:j.Thanks everyone for your support and encouragement.
WABL

Congratulations WABL:j I'm so chuffed for you. Can't wait till my mine dips below £150, although it wi be a while yet.

By the way - how long have I been away. The site has a makeover:eek:

pammyj74

I know its all snazzy isnt it. I like it.

wantabetterlife

yeah i think the new makeover is fab now that i have got used to it.
Trying to get the motivation back for surveys, but get so annoyed when you get screened out after 5 minutes, this has happened 3 times this evening :mad:.
Also avoiding tescos like the plaque as every time i go in there is spend at least 50 quid.
Am waiting patiently for halifax to update our mortgage balance online, hopefully will show up tomorrow .
Have just been playing around with mortgage calculators and to be mortgage free by the time i am 40 ( ten years) we need to overpay roughly £500 per month, which would be difficult, but anything is possible and its certainly something to aim for .
WABL

wantabetterlife

Halifax balance has updated :j:j, So i got straight on the phone and have reduced our term from 19 years 8 months to 15 years and have only had to increase our monthly payment by £84 due to the lump sum we paid off .
I really feel like we are making good progress because in the last 6 month we have shortened our term by 7 years!!! . Never did i think this would be possible, the only problem is now i want it down to 10 years......:rotfl::rotfl:. Off to catch up on some diaries
WABL

pammyj74

thats fantastic hun, bet you feel great doing that. I know what you mean about wanting to reduce it even more, I am really impatient and keep fiddling with figures lol

setmefree2

well done on all your MF progress :T:T

wantabetterlife

Thanks pammy and SMF2, am soo delighted and OH is getting more into the whole MFW thing than me, which is a complete shock . Have just checked halifax and they have updated our account after this months payment and the balance is £147,565......still vey large but going in the right direction...will post an update for the MFIt-T2 and the MFW 2010 challenge later on.:j:j
PS on the negative side our other car is still in the mechanics and needs a part at between 300 - 400 pound to get it fixed, sometimes i hate cars:mad:

setmefree2

wantabetterlife wrote: »

PS on the negative side our other car is still in the mechanics and needs a part at between 300 - 400 pound to get it fixed, sometimes i hate cars:mad:

Yup cars are a pain

greent

setmefree2 wrote: »

Yup cars are a pain

Yup! I'll second that one

wantabetterlife

Hi everyone, the car is ready and has cost £150....not as bad as i thought. If we had of went to a dealer it would have been over £500...but OH's friend is a mechanic and managed to get second hand parts and doesnt charge an arm and a leg for labour....am nearly afraid to drive it now incase something else breaks...fingers crossed!!
Received letter from halifax confirming mortgage term has been shortened to 15 years and the payment has only increased by £67, not the £84 they told me it would increase by :j:j.
WABL