Mortgage free in 100 payments

LilacPixie

woohoo keep it up. 2/100 is great..

BFM

runninglea wrote: »

Quick update - got paid on 17th so paid 1 more step. Another £1700 off the mortgage.

Signature updated - going to be a long process

ther other cool thing about doing it this way is you also get good news on the interest bit each month, presumably it is coming down, thus making it a littlke easier to make your OPs (or higher Ops) each and every time you overpay.

*Jellie*

Love the idea of doing this in 100 steps. Well done on progress so far

runninglea

Hi - yes the interest only dd came down £2 after the first overpayment, only just done the 2nd so still awaiting the letter to confirm new amount.

runninglea

Got about £500 towards my next payment - have not bought any lunches again for february which save about £40 per month.

Need to get the energy to get my bike out - will save about £15 per week if I do.

runninglea

not getting very far this month - need to pay car tax at month end and also gargage told me the car needs 2 new tyres.

Get paid next week so will see how much I have spare.

ZoeGirl_3

I like your idea! Hate it when "life" and "bills" interfere with paying off mortgage tho, lol. I am busy doing a few renovations at moment (eg, roof leaks hehe) and that is really sucking up the money!

elantan

just noticed your diary ... i am doing similar with my debt including my mortgage ... i have given myself 100 months to turn my financial situation around ... good luck on your journey i will be following

linz

try checking out blackcircles or etyres (through a cashback site) for tyres. May work out cheaper than going to a normal garage.

runninglea

hi - not managed another overpayment yet still saving up for it. Get paid on thursday so will see then what the cash situation is then.

Hope everyone else is either saving or paying off debts