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Capped rate ending on 27K mortgage
Comments
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You cannot predict how quickly rates will rise and if they will have paid it off in time! None of us have crystal balls.I am a Mortgage Adviser
You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
We can comfortably afford 500 plus pounds a month for the mortgage,but anything significantly more would affect the number of holidays etc. we could afford,(currently one biggie every three years)and while we do want to be mortgage free I refuse to stay home every July so I can say I've paid off my mortgage.
I have crystal balls
when it comes to taking risks.:eek: Member of the first Mortgage Free in 3 challenge, no.19
Balance 19th April '07 = minus £27,640
Balance 1st November '09 = mortgage paid off with £1903 left over. Title deeds are now ours.0
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