I can't believe it!!!!

mummyofonechild

Kei wrote: »

Thanks Brian, but for those who are new to having a mortgage, believe it or not, the mortage companies don't let you in on this little secret when you sign up.

Thanks for your imput though, I hope you feel better for trying to make me look a bit dim

I think that if it was not for this site a lot of people would not be so well informed? If we all knew this stuff then perhaps there would not be a need for this site and hence this forum???

Well said, I have had a lot of support from this forum. I originally joined as a way of getting money saving ideas having been made redundant. 6 weeks later I got another job and then started overpaying just in case lightening struck twice. It was from this forum i got the idea and support to start overpaying my mortgage. Does that make me dim too? I see it as a lightbulb moment and I am not alone.

So thank you everyone for your support :T:T:T:T

moneysaymoneydo

Well done Kei you should be very pround of yourself, oh and the majority of us on here wish we were at the same place but our times will come!!

Oh and for no brainer oops i mean brian only made himself look dim a few on here just have to find a 'catty' remark to insert oh well hope he feels better now :rotfl:

Kei

Well today I have made my first ever overpayment on my mortgage of £200! I have a little bit of debt to clear, and when that is gone I plan on making larger overpayments every month. Have decided to stick to £200 a month for now.

Will ring up tomorrow to make sure it has gone through ok and check what the outstanding balance is.

Kei

Just rang up, total outstanding balance is £149,514.17 so a teeny bit less than I thought (£150,000), and my £200 payment went through ok yesterday so I will continue to make payments online.

mel19632

Kei wrote: »

Thanks Brian, but for those who are new to having a mortgage, believe it or not, the mortage companies don't make this little secret the first thing they tell you when you sign up.

Thanks for your input though, I hope you feel better for trying to make me look a bit dim

I think that if it was not for this site a lot of people would not be so well informed? If we all knew this stuff then perhaps there would not be a need for this site and hence this forum???

Pretty harsh comment Brian - its not that people are stupid rather that its just not occured to them that they can do this!

Kei - best of luck! what an inspirational thought that you could pay off your mortgage by the time you are 40 if you can find an extra £400 a month! I'll be subscribing - keep us updated

albionrovers

Brian's getting old and grumpy haha

Desperate_Housewife_2-2

go for it! I had my lightbulb moment a while back and went for it big time and (check out my sig) it worked for me, me and OH are both part timers and even saving, good luck

Kei

mel19632 wrote: »

Pretty harsh comment Brian - its not that people are stupid rather that its just not occured to them that they can do this!

Kei - best of luck! what an inspirational thought that you could pay off your mortgage by the time you are 40 if you can find an extra £400 a month! I'll be subscribing - keep us updated

Thanks for the support! I will keep updating, although I am in this for the long haul!

BTW mel, congratulations on the phenomenal amount of debt you have re-paid in that short amount of time, that is some achievement!

Kei

Desperate_Housewife wrote: »

go for it! I had my lightbulb moment a while back and went for it big time and (check out my sig) it worked for me, me and OH are both part timers and even saving, good luck

WOW, well done that is fantastic! Well done on getting rid of the mortgage!

ViolaLass

OP, please note that it is likely that you are paying a higher rate of interest on your credit card and other loans than on your mortgage so it would be better (financially speaking) to overpay on those first.