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My Quest to Beat the Bankers - A MF Mission!
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My oh my, I can't believe its a year since I updated my diary - tut tut!
The Halifax agreed to extend our mortgage term to 27 years & remain on IO, so the pressure is off a little & we wont be trapped into a humongous payment when the interest rate finally rises.
We therefore need to try & pay some balance off in 2014 whilst rates are still low.
Having trouble getting DH on board though as we owe about £2300 (interest free) to a family member which we have been paying back at £25 per fortnight. DH wants to be rid of this (as do I) but Im scared that once its gone & we are in a position to overpay, the rates might rise & prevent us.
On a good note, a loan we have had for 7 years, ends this July & will free up £265 per month - can't wait! :jEmergency Savings Fund - £11002015 Mortgage overpayments = £0
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