DON'T Pay Your Mortgage Off Early!!!

savingforoz

Fantastic reply, Catowen - exactly right. Being mortgage free is fantastic and I've never regretted it for a minute. My financial position is improving in leaps and bounds now I don't have a mortgage to pay & it's given me heaps of opportunities that I didn't have before. In no way do I feel tied to my bricks and mortar. And I certainly didn't have to scrimp to do it - I still did all the fun things in life, just did it MSE style so I got best value for everything & didn't waste money. Good luck to all the Mortgage Free Wannabes on this forum.

Sloppy_Saver

catowen wrote:

Sloppy saver - your post states 'DONT PAY YOUR MORTGAGE OFF EARLY !!!!' and you have posted it in the mortgage free wanabee section. The majority of us are on this board, because WE WANT TO PAY OFF OUR MORTGAGES EARLY with the help and support from the others on this board who feel the same way. We are all on here for different reasons (not wanting to pay the institutions thousands in interest, to free cash whilst still young etc), but with the same goal - to be mortgage free.
How everyone chooses to do this is up to them - but we really do not need someone deliberatly being argumentative and put us down for something we believe in. I agreed with you earlier, i want to spend a little, save a little, invest a little - but i also want to pay off my mortgage ASAP, and dont need someone putting me down for it - which is how i feel you are doing, as i dont share your views. If i want to invest all my money in property, that is my right, just as its your right not to pay off your mortgage, and to invest in other things.

Oh, here we go. This is exactly why I liken the more committed POYMers as having an almost religious fervour in their goal. Like religion, any dissention or discussion from the true message is stamped on hard. This is only one message stream in a list of thousands, if you don't like the discussion, then read one of those. I didn't force anyone to come in here.

I'm also not stopping you from investing all of your money in property, I'm just advising that it may not be the best use of your hard earned cash. Surely this website was set up so that people could exchange financial views - even if they are in opposition.

Finally, and I'm really fed up of saying this now SO PLEASE READ MY POSTS CAREFULLY I am not opposed to people paying off their mortages, I just think they shouldn't do it at the exclusion of everything else. If you have put money in savings for a rainy day, and invested enough to provide a comfortable retirement and still have cash left, then by all means slap it on your mortgage.

savingforoz

Sloppy_Saver wrote:

Finally, and I'm really fed up of saying this now SO PLEASE READ MY POSTS CAREFULLY I am not opposed to people paying off their mortages, I just think they shouldn't do it at the exclusion of everything else. If you have put money in savings for a rainy day, and invested enough to provide a comfortable retirement and still have cash left, then by all means slap it on your mortgage.

How about you read OUR posts carefully, Sloppy - several people have already said they are NOT doing it to the exclusion of everything else. And even if they are, that's up to them. Not you.

Sloppy_Saver

savingforoz wrote:

How about you read OUR posts carefully, Sloppy - several people have already said they are NOT doing it to the exclusion of everything else. And even if they are, that's up to them. Not you.

Don't try and make this into a "us" and "you" argument with you "OUR" posts claptrap. As far as I am concerned this website is intended as a means for all of US to discuss strategies to attain what we all desire: Lifetime Financial Security. We may all disagree on how to get there, but we all agree on the destination.

The only post YOU have done, is this one and a backslappy one to catowen. Not an extensive contribution to the debate is it.

I've come across your sort before - can't come up with a decent argument yourself to support your standpoint, so you stand in the shadows of people who can and try to round support up to bully other people away who may have a different opinion to yours (your first tentative attempt of this being the "US" comment).

I have as much right to my opinion, as other people have to theirs. The difference between me and you is that I'm happy for other people to express their opinions, even if I disagree with them.

Bestthingsinlifearefree

Chill out Sloppy Saver :beer: you sound seriously stressed out.

Are you sure that big mortgage of yours is not worring you ?;)

I think you are in denial and deep down you would love to be mortgage free.

Sloppy_Saver

Bestthingsinlifearefree wrote:

Chill out Sloppy Saver :beer: you sound seriously stressed out.

Are you sure that big mortgage of yours is not worring you ?;)

I think you are in denial and deep down you would love to be mortgage free.

lol, thanks Besty. Just gets my goat when people try and force you off a message stream you created, just cos they don't agree with the rubbish you're spouting

Not too stressed with the mortgage, but you're right I would love to have it paid off (but not at the expense of my other investments! - gotta get that in before our pals jump on it and call me a hypocrite)

If I won big on the lottery I'd use a third of it to pay off my mortgage, put a third of it in investments and spend the rest!! Lovely. Will have to start playing the lottery though before that can happen. :rolleyes:

comping_cat

Don't try and make this into a "us" and "you" argument with you "OUR" posts claptrap. As far as I am concerned this website is intended as a means for all of US to discuss strategies to attain what we all desire: Lifetime Financial Security. We may all disagree on how to get there, but we all agree on the destination

Yes, the WEBSITE is about money saving/ lifetime financial security and other things. However, this board is 'MORTGAGE FREE WANNABE' - If you dont want to be mortgage free then that is fine, but please, can you be a bit more polite to those of us who do.

Sloppy_Saver

catowen wrote:

Yes, the WEBSITE is about money saving/ lifetime financial security and other things. However, this board is 'MORTGAGE FREE WANNABE' - If you dont want to be mortgage free then that is fine, but please, can you be a bit more polite to those of us who do.

Have I been impolite?

(and Give Me Strength!! How MANY TIMES do I have to say that I do want to be mortgage free, just not at the exclusion of everything else)

No wonder I get impolite.

I say "Oh, I think that you may need to put a bit away for old age as well as paying down your mortgage"
and I get back:

"Well if you want to keep your mortgage for the rest of your life, eat babies and kill old people, we don't want you on our boards!!"

hilary1

I want to pay off my mortgage but I have a couple of concerns.

As its only a few hundred quid will they charge me extra to just pay it off and admin fees. Or do you have to pay admin fees anyway at the end?

Also when applying for a loan recently they did a search and the figure they gave me as outstanding on the mortgage was £300 less than my halifax statement says I still owe.

Anyone know why that would be?

Is it really worth paying off such a small amount or let it run until the monthly payments pay it off?

Bestthingsinlifearefree

...........and because I'm an all round good bloke.

I have even given you a bit of advice on your other thread Sloppy Saver;) :beer:


http://forums.moneysavingexpert.com/showthread.html?p=4350201#post4350201