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New MFW

Just paid 40k into 73k mortgage which was due to end in 16 years time.
Should get paid up by 10 months, much earlier if shares come good.

Comments

  • Caroline73_2
    Caroline73_2 Posts: 2,654 Forumite
    Excellent! I need something like that!

    I started my MFW journey yesterday, you're going to beat me!
  • ztan
    ztan Posts: 400 Forumite
    Wow.. with funds like that, you'll be MF in no time! Good luck!
    MFW 2010- £112,500 + 20% Equity Loan = £150,000 35 years :o
    2013- £108,877.28 + 20% / current OP = 19 years :T

    Target to be Shared Equity Free- 2016
    Target for holiday to Australia- 2014
    Currently training for a Commando Challenge- drop and give me 20
  • andybenw
    andybenw Posts: 212 Forumite
    I earn a reasonable wage but not huge. Lowish cost lifestyle ie low cost car, booze from supermarket not pub. Also lodger money helping out. I cannot recommend enough the benefit from lodger money, in fact the house was specifically chosen so as to accomodate a lodger with minimum disruption.
    Oh, and no kids help. It's understandable that it must be much more difficult for people wwith children to overpay on their mortgage.
  • andybenw wrote: »
    I earn a reasonable wage but not huge. Lowish cost lifestyle ie low cost car, booze from supermarket not pub. Also lodger money helping out. I cannot recommend enough the benefit from lodger money, in fact the house was specifically chosen so as to accomodate a lodger with minimum disruption.
    Oh, and no kids help. It's understandable that it must be much more difficult for people wwith children to overpay on their mortgage.


    hey, every method counts !
    Good luck with your venture.
    RosieTiger - Highest £242,000 Feb 2004 :mad:
    Lightbulb Dec 2008 £146,000 by March 2026:eek:
    MFi3T2 and T3 No 28 - Dec 2009 Start Balance £117,000
    Current Position-Fully off set by savings since March 2013
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