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New lone MFW

Ferrety_2 · 2010-05-28 08:12:33

Hello I've just moved into my new little house, my first payment is due on 6 June and I already fancy being rid of it. Or at least putting a decent dent into it by the time I can remortgage in 2 years. My new mortgage is £110000, I'm on my own with it and I earn around £27000-£30000 a year, depending on how much extra work…

Comments

originalmiscellany Posts: 1,655 Forumite

6 October 2010 at 4:03PM

Well done Ferrety!

Feb 2012 - onwards MF achieved
September 2016 - Back into clearing a mortgage - Was due to be paid off in 32 years in March 2047 -
April 2018 down to 28.00 months vs 30.04 months at normal payment.
Predicted mortgage clearing 03/2047 - now looking at 02/2045
Aims: 1) To pay off mortgage within 20 years - 2037
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*Jellie* Posts: 3,018 Forumite

6 October 2010 at 5:50PM

You are doing so well!
I would second what others have said about having an emergency fund though.

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