just made our first overpayment!!!!! 24 December 2010 at 12:52PM in Mortgage-free wannabe 4 replies 678 views

jpwhittle

I'm so excited, i know its only a small thing but after 4 years we finally made our first overpayment on our mortgage. It's only £50 but this is goig to be a reguler payment wich will reduce our mortgage by 4years, not bad for what seems like a very small payment. We are hoping to keep increasing the overpayments but for today we are celebrating that on christmas eve we turned our mortgage term from 30 years to 26 and with another payment planned with some money we are expecting it will be 25. the same as anyone else out there, wich to us is a huge acheivement. :beer::j

linz

Well done for taking the first step jpwhittle! Onwards and upwards!

Spiggle

Well done and good luck for future OP!

All the best,
Spigs

whitewing

That's great.

Little and often keeps one on track.

oasisfeverish

Congratulations. :T

I too am goingto make my first overpayment in Jan 2011, and am looking forward to it. Just to see the balance reduce and less years to become MF.