We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Quest To Pay Off My 150K Mortgage in 3 Yrs!

1…2425272930…33

Comments

  • Dithering_Dad
    Dithering_Dad Posts: 4,554 Forumite
    Mortgage-free Glee!
    hmnn, just how dodgy would it have to be?
    Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
    [strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!! :)
    ● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
    ● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
    Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.73
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    edited 17 April 2009 at 10:02PM
    "Borrowing" money from your offset to save all that money in tax is surely worth it smile-talking-dollar-sign.gif

    Hope the job's going well goodluck.gif
  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Dithering_Dad wrote: »
    hmnn, just how dodgy would it have to be?

    Male stripper?
    Lap dancer?
    Pole dancer?
    Rude telephone operative?
    Sperm donor?
    Labour spin doctor (sorry, that's going too far wink05.gif)
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    gallygirl wrote: »
    Male stripper?
    Lap dancer?
    Pole dancer?
    Rude telephone operative?
    Sperm donor?
    Labour spin doctor (sorry, that's going too far wink05.gif)

    All of the above?

    20306-m.jpg
  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    setmefree2 wrote: »
    All of the above?

    20306-m.jpg

    :eek: have you been going to the same clubs as me SMF :eek:chipndale.jpg
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    LOL smiley-lol.gif

    McFat-arm.jpg
  • Dithering_Dad
    Dithering_Dad Posts: 4,554 Forumite
    Mortgage-free Glee!
    hmnn, I had just cancelled my Fitness First membership, but I'm reconsidering after seeing those pics...:eek:
    Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
    [strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!! :)
    ● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
    ● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
    Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.73
  • Annie021063
    Annie021063 Posts: 2,570 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    It was this thread (Thanks Dithering Dad)and the links that made us think about overpaying. :D Luckily our fixed rate ended at the end of Feb and we went form 5.5% to 2.5%, we have continued to pay the original amount monthly plus £150 more each month. At the moment we are paying around £300 a month as an overpayment.
    Hubby has just been put on a 4 day week but I have taken on extra work (I'm a teacher and I have started doing private tutoring) and at present we can continue with the overpayments. Thanks for all your inspiration guys, I wish you all well in your life choices.
  • tomarola
    tomarola Posts: 124 Forumite
    I hope you do pay it off, as im sure it will help you out, good luck with it.
    Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE Forum Team
  • Dithering_Dad
    Dithering_Dad Posts: 4,554 Forumite
    Mortgage-free Glee!
    Thanks guys. I did receive a bit of flack when I first started down the MFW route - most people were saying it was a waste of money that would give a better return invested in the stockmarket or in high interest savings account. Two years later and we're in recession, yet I feel a lot more comfortable with my £100k mortgage than I would have with a £150k one.

    It's a shame that family stuff got in the way of us really blitzing the mortgage as I had planned - we would have had the mortgage down to around £50k by now, but I'm really happy with how well we've done so far, considering.
    Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
    [strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!! :)
    ● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
    ● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
    Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.73
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.9K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.1K Spending & Discounts
  • 244.9K Work, Benefits & Business
  • 600.5K Mortgages, Homes & Bills
  • 177.4K Life & Family
  • 258.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture