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QB Wolf's long and winding road
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sweetdaisy wrote: »Sounds like most of my nights (after I have done the housework of course!) :rotfl:.
True enough, I should do some housework - looks like a bomb has hit it!!Start Date 16/09/2015
Original amount outstanding = 225,000 Current amount outstanding =199,812
Original LTV = 64% Current LTV = 49%
Original Pay Off Date = Sep' 36 New Pay Off date = Sep' 36
Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1319.310 -
True enough, I should do some housework - looks like a bomb has hit it!!
I've taken 3 days off work as it is Half Term and all I seem to have done in the last couple of days is washing, ironing and general tidying up after the children - things/toys/mess just seem to appear from nowhere!0 -
You are describing my life!Starting again 13/4/19Home loan 1: £21,102.50 Home loan 2: £7,698.99Total owed: £28,801.49
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Hope I haven't offended anyone - sorry if I have.Start Date 16/09/2015
Original amount outstanding = 225,000 Current amount outstanding =199,812
Original LTV = 64% Current LTV = 49%
Original Pay Off Date = Sep' 36 New Pay Off date = Sep' 36
Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1319.310 -
err not sure, I just misread the comments a bit.Start Date 16/09/2015
Original amount outstanding = 225,000 Current amount outstanding =199,812
Original LTV = 64% Current LTV = 49%
Original Pay Off Date = Sep' 36 New Pay Off date = Sep' 36
Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1319.310 -
financialbliss wrote: »Hi QB Wolf,
There's lots of calculators available, eg search for locoblade on these MSE forums, or do an internet search, but I crafted my own. See posts 534 and 536 of my diary. They are linked to from the first post:
http://forums.moneysavingexpert.com/...d.php?t=572849
Allows different standard and overpayments, mortgage rates etc. May be worth a look, even if it only helps you understand your mortgage a bit better.
Don't recall you mentioning your mortgage rate yet - if it's a very low SVR - mine is 2.5% - it may be better to save rather than overpay and review as the rates change.
Financial Bliss.
I haven't even got my mortgage yet and I'm already thinking about overpaying. My offer was accepted a couple of weeks ago so I'm now playing the waiting game. I don't think I'll be able to overpay by much but, as they say, every little helps! I've already set up your spreadsheet and will be having a play with it to give me some motivation to pay the mortgage off early. I plan on using it once I get into my new house. You, QB Wolf and all the other MFWs are giving me lots of inspiration to start this challenge. Thanks :TStarting mortgage balance 22/04/2013 £71,250
Overpayments to date £410
Current mortgage balance £70,6500 -
I haven't even got my mortgage yet and I'm already thinking about overpaying. My offer was accepted a couple of weeks ago so I'm now playing the waiting game. I don't think I'll be able to overpay by much but, as they say, every little helps! I've already set up your spreadsheet and will be having a play with it to give me some motivation to pay the mortgage off early. I plan on using it once I get into my new house. You, QB Wolf and all the other MFWs are giving me lots of inspiration to start this challenge. Thanks :T
Thanks Robedha1, nice to think the little bit I'm doing is inspiring someone :j There are people on here paying thousands, every month and some paying tens of pounds a month and everything inbetween. Everyone has different circumstances and are at different stages in their lives. We've all got one thing in common though, we're making positive steps to reduce our debt more quickly :TStart Date 16/09/2015
Original amount outstanding = 225,000 Current amount outstanding =199,812
Original LTV = 64% Current LTV = 49%
Original Pay Off Date = Sep' 36 New Pay Off date = Sep' 36
Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1319.310 -
Pay day today, so the regular £200 OP gone out, can't afford anything else this month.:( My big tax bill means I'm £600 worse off than I was this time last month.
On the positive side, short month means only 28 days until next pay day and three days less interest to pay on the mortgage.
We've also got a plasterer coming tomorrow to cover the artex on the ceiling in my daughter's room, so can decorate this weekend must get her in her own room by the end of March.Start Date 16/09/2015
Original amount outstanding = 225,000 Current amount outstanding =199,812
Original LTV = 64% Current LTV = 49%
Original Pay Off Date = Sep' 36 New Pay Off date = Sep' 36
Original Dly Int = 17.17 New Dly Int = 17.17 Total OP = £1319.310 -
Just popping over to say glad my post made you smile!
Well done on getting you daily interest below the £20/day mark too !
Stacey2024 - happy, healthy, quality over quantity, buy nothing new (and 2nd hand only if NEEDED), mindful spending, nurturing myself and family, living for now.
Mortgage @ 31/12/23 £248k - too high, interest rate gone up - want this down asap!
Debt @ 31/12/23 £16k - no interest - will clear over 5 years hopefully.
Emergency savings £4k - been ransacked over last year - needs attention :-(0
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