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Mortgage free three year challenge...

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Comments

  • Yep defo thinking this is good :o
  • Alion
    Alion Posts: 147 Forumite
    I'm up for another one - have done really well in MFIT-T2 and it's been great to watch it going down. Are planning to get a bigger place in the autumn (thankyou overpayments, we'd never have been able to think about it otherwise) so it'll be a much bigger starting point!
    29/01/07 - Took on our first home for £225k, mortgage of £200,700, reduced to £70,224.44 in 6yrs
    16/11/12 - Moved to our forever home for £427k, mortgage of £270,999

    MFIT-T3 #2 - Reduce (new) mortgage from £270k to £225k whilst renovating and with our first baby on the way! £265,654.56 so far
  • evi3000
    evi3000 Posts: 162 Forumite
    Not for me as I will be mortgage free by summer 2013!!!!
  • Hi FB

    I would definitely be interested, as having already cleared our further advance, this would be an ideal opportunity to make a serious dent in the main mortgage.

    I think I might be aiming to clear half of the balance in another 3 years.

    Thanks
    Hooby
    MFiT-T2 #49 December 09 £15373, January 12 £0 target £0 by 12/12/12
    TARGET MET 11 months early - YIPPEE
    MFiT-T2 #50 August 11 £111,691.25, December 12 £96,699.20 target £99,999 by 12/12/12
    TARGET MET 3 months early - YIPPEE
    MFiT-T3 #49June 14 £76338.33 target £49999 by 12/12/15
  • spidystrider
    spidystrider Posts: 1,246 Forumite
    Mortgage-free Glee!
    I will definitely be in for another 3 years at least, so would love to take part in another challenge.
    Mortgage Free in 3-T2 : Started at £151,000 Nov. 2009 Mortgage Free Oct 1st 2015 :)
  • taka
    taka Posts: 3,483 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Count me in too! :D The plan is to pay off my mortgage by summer 2018 (but I'd actually love to become MF before I'm 40 in summer 2015 - this will depend on my job situation etc). Either way I'd love to join in again! :beer:
    Mortgage free as of 12/08/20!
    MFiT-5 no 45
    You can't fly with one foot on the ground!
  • brizzledfw
    brizzledfw Posts: 7,302 Forumite
    Debt-free and Proud!
    Hi FB (and fellow MFWs)

    I have voted yes as I am enjoying the MF-T2 challenge. it doesn't always go to plan does it but certainly it's good to have the focus and the quarterly updates. You also get great support and to 'meet ' some fantastic and inspirational folks

    My goal is to be mortgage free in 8 years from now...so i may even need another challenge after this new one!:rotfl:

    Brizzle
    MFiT-T4 Member No. 96 - 2022 is my MF goal :D
    Winter 17/18 Savings Rate Goal: 25% [October 30%] :T
    Declutter 60 items before 31.03.18 9/60 ** LSDs Target 10 for March 03/10 **AFDs 10/15 ** Sales/TCB Target 2018 £25/£500 NSDs Target 10 for March 02/10 Trying to be a Frugalista:rotfl::T
  • Hi FB

    Please count me in! We are hoping to be mortgage free in the next 2/3 years depending on job situation. The challenge is a great motivator and source of focus. As Brizzle has said it doesn't always go to plan but we are still managing to chip away at it!
    Thanks again
    MFiT-T2 Questee number 146
  • Big yes from me. The support and incentives from the MFW 2012 crew has been amazing. Would love to replicate on a longer term. Not expecting to get the whole thing paid by 2015 but would be near as dammit there.

    Thanks FB :):)
    MFW2020 #5 £2,000/2,000 MFW2021 #5 £1,850/3,500MFW2022 #5 £3.001/3,000Sep'12 £233,750 Jan'15 £222,329 Dec’21 £139,584 MFiT T4 #24 £48k/£34k MFiT T5 #24 £22,186/£41k MFiT T6 #24 £4,700/£29k
  • llydaw
    llydaw Posts: 133 Forumite
    Part of the Furniture Combo Breaker
    yes from me
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