Mortgage Free by 40 Challenge!

shangaijimmy

Update completed on the doc. Done really well by overpaying 1.5k, but in all honesty thats just over 50% of our needed amount to keep on track. Still it's a good start. Good luck all

cake21

Congratulations skaps and welshlassie! :j

sweetdaisy

Just did my update.

I have only paid £951 off the balance this quarter. My monthly mortgage repyaments are £620, but as I can access my mortgage account online this balance inlcudes the monthly interest that is credited to the mortgage, so I am way off the target of £2.5K a quarter to clear the mortgage by 40.

Jock_Tight

Just put in my update (Guest #22)

Our outstanding mortgage balance is now £32384 having paid off £3815 since starting this challenge :j

Cheers all,
Jock

Norman_Bean

Have we had the first progress sheets yet? I'm not sure how to see them <thicko icon>
Could someone tell me how to see it
Thanks
Norman

skaps

I don't think they have been published yet Norman

pencekeeper

Mortgage payment time again - my favourite time of the month

Making good progress here, hoping job will hold out a few months later to enable me to get over the finish line.
Made a big milestone this time, and the light at the end of the tunnel can be seen.

£1900 overpayment + £40 mortgage payment (£21.15 of which is interest):

Old Mortgage balance: £10,200
New Mortgage balance: £8,250 (£19K paid off since start of year)

Milestone achieved: 4 Figures!!!!! (<£10K)
Milestone achieved: Now 5 months remaining at current repayment rate
Milestone achieved: <£0.60 interest a day (was 69p, now 57p)

Current target: Repay mortgage by end of November. (if job holds out)

miss_corerupted

i really need to start doing this just been soo busy. Everyone looks like they doing really well. i have no idea where i am.

I'm currently overpaying by £40. not a lot but it's a start. need to get rid of cc first

why is paying back money so hard!!!!!!!!

katym79

chirpchirp wrote: »

Will you put the jig on youtube so we can see it?:j

Only just updated the sheet.oops. Reached the important milestone of having my mortgage under 100k. Balance now stands at £99.900.

So as promised...

http://www.youtube.com/watch?v=AM88_nSRNYU

Norman_Bean

katym79 wrote: »

Only just updated the sheet.oops. Reached the important milestone of having my mortgage under 100k. Balance now stands at £99.900.

So as promised...

http://www.youtube.com/watch?v=AM88_nSRNYU

:money::beer::rotfl:Fab!!!! Really looking forward to your next 'milestone achieved' dance x well done x :rotfl::beer::money: