£41K, MF in 2? Is it possible?

The_Wiggles

I am nearly there.....I can't believe it.....all this scrimping and saving has paid off.

I copied my figures from a previous post
Jan 2010 £114600
Jan 2011 £85798
Jan 2012 £71195
June 2012 £41221 (£15k given to me by my parents)
August 2013 £23000
April 2014 £6621........2 mortgage payments to go (includes last bit of freelance money going in)

My big question is we would really like to start saving now so we could go on a world trip with the children. What happens when I pay that last installment? Should I leave some money in the mortgage so I can access it should I need to borrow some back? I have heard of people taking their overpayment out and putting it in a high interest account (do they exist?).

I never thought this would be possible.....that I could get rid of the mortgage......this site has been great at keeping me going......new life.....here we come!!!!!:T

Miss_money_penny

Hi :wave:

Wow! You have done so well!! Very inspiring

Re mortgage if you have no early repayment charge you could pay it off to get rid of it. Or put the money in a high rate savings account ( in fact any that gives more than the mortgage charges)

It's up to you. I would love to have that decision to make... One day, lol!!