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Just redeemed my Mortgage
Spartacus_Mills
Posts: 5,545 Forumite
After 10 years and plenty of overpayments today is the day I redeemed my mortgage in full.
I feel like a load has been lifted from my shoulders.
Result !!!!!!!!!!!!!!
I feel like a load has been lifted from my shoulders.
Result !!!!!!!!!!!!!!
"There's no such thing as Macra. Macra do not exist."
"I could play all day in my Green Cathedral".
"The Centuries that divide me shall be undone."
"A dream? Really, Doctor. You'll be consulting the entrails of a sheep next. "
"I could play all day in my Green Cathedral".
"The Centuries that divide me shall be undone."
"A dream? Really, Doctor. You'll be consulting the entrails of a sheep next. "
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Comments
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Well done Spartacus. I hope to be in the position in the next year where I too can say "I am Spartacus" and I have paid off my mortgage too or words to that effect.
What was the best piece of advice you would pass onto a person given half a chance?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 - 20370 -
Congratulations!MFi3T2 #98 - Mortgage Free 15/12/20110
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Brilliant! Well Done. Will you now start spending and enjoying yourself or saving? Combination of the two? Love hearing success stories so inspiring.:j Trytryagain FLYLADY - SAYE £700 each month Premium Bonds £713 Mortgage Was £100,000@20/6/08 now zilch 21/4/15:beer: WTL - 52 (I'll do it 4 MUM)0
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originalmiscellany wrote: »Well done Spartacus. I hope to be in the position in the next year where I too can say "I am Spartacus" and I have paid off my mortgage too or words to that effect.
What was the best piece of advice you would pass onto a person given half a chance?
Just carry on overpaying really and don't drop your regular payment.
It does seem when you start out that you are not really making a dent in it but after a while it really does seem to start coming down quite considerably but it does take time and it can be disheartening.
Good luck to you in your effort to pay your mortgage. I would love it if everyone in this forum could say "I am Spartacus"."There's no such thing as Macra. Macra do not exist."
"I could play all day in my Green Cathedral".
"The Centuries that divide me shall be undone."
"A dream? Really, Doctor. You'll be consulting the entrails of a sheep next. "0 -
Great work!Mortgage May 2012 - £129k
January 2015 - Mortgage down to £114k
Target for 2015 to get down to £105k0 -
Spartacus_Mills wrote: »Just carry on overpaying really and don't drop your regular payment.
It does seem when you start out that you are not really making a dent in it but after a while it really does seem to start coming down quite considerably but it does take time and it can be disheartening.
Good luck to you in your effort to pay your mortgage. I would love it if everyone in this forum could say "I am Spartacus".
Totally agree - make sure your overpayments are done automatically by standing order. That way there's no skipping overpayments.MFi3T2 #98 - Mortgage Free 15/12/20110 -
shop-to-drop wrote: »Brilliant! Well Done. Will you now start spending and enjoying yourself or saving? Combination of the two? Love hearing success stories so inspiring.
Well I do want to spend. I have just replaced all the front door metalwork with brand new stuff.
I want new carpets and tiling in the house as well, but that can wait until Winter is over.
I do not see much point in saving too much given how pitiful rates are."There's no such thing as Macra. Macra do not exist."
"I could play all day in my Green Cathedral".
"The Centuries that divide me shall be undone."
"A dream? Really, Doctor. You'll be consulting the entrails of a sheep next. "0 -
Totally agree - make sure your overpayments are done automatically by standing order. That way there's no skipping overpayments.
Excellent point. My regular overpayments were by SO and I got into the habit of treating them as regular outgoings rather than one-offs."There's no such thing as Macra. Macra do not exist."
"I could play all day in my Green Cathedral".
"The Centuries that divide me shall be undone."
"A dream? Really, Doctor. You'll be consulting the entrails of a sheep next. "0 -
Congratulations :j:j
Its a fabby feeling isn`t it, all that hard work has finally paid off.
Time to relax and enjoy
It does take a while for that smug grin to disappear though, your face will ache over the next couple of days :beer:
SDPlanning on starting the GC again soon
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Spartacus, did you pay off the whole mortgage in 10 years?:j Trytryagain FLYLADY - SAYE £700 each month Premium Bonds £713 Mortgage Was £100,000@20/6/08 now zilch 21/4/15:beer: WTL - 52 (I'll do it 4 MUM)0
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