The Mortgage Free in Three - Take 3 challenge (MFiT-T3)

trix-a-belle

Hope you're OK FB take care of yourself! Ping me a note if you need me.

SusanneCape
By my calculations (I think I've got my head round the workings of FB's spreadsheet) you're at 45.4% paid

beachie

Sorry to hear about your accident.

I'm really excited to announce my mortgage has dropped below the £70'000 mark and now stands at £69'999.

I'm fast approaching the £30'000 paid off mark and hoping that soon I will be able to re-mortgage to a much better rate.

After some truly awful years (I bought in 2007) I am starting to feel a little more positive about the whole thing.

Next target will be £60'000.

Twiggy_34

beachie wrote: »

I'm really excited to announce my mortgage has dropped below the £70'000 mark and now stands at £69'999.

I'm the same, the next payment will take us under the £63k benchmark. So looking forward to it lol

beachie

Twiggy_34 wrote: »

I'm the same, the next payment will take us under the £63k benchmark. So looking forward to it lol

Congratulations. Sorry for all the excitment in the last post, it's just only a couple of years ago I was in quite a bit of negative equity but now I am far out of it through the use of overpayments.

Suffolk_lass

I've just been paid and so scheduled my June overpayment and submitted my chart 6 update. I know it's early but I won't be paying any more off before 11th June.

I have now paid off a total of £35,584.31 since the start of the challenge and my remaining balance is £17,064.69 to pay over the second half. That will leave £115,000 outstanding balance, so I cannot afford any let up in pace. Good progress for the mid-point of the challenge.

Thanks FB, I hope you are recovered from your accident.
SL

icklehelen

Just put in my update for chart 6 as no plans to OP any more in the next few days.

Very happy as I am well on the way to achieving this challenge, which this time last year I thought would be absolutely impossible due to our circumstances changing dramatically.

The support of these boards has helped so much :T

ickle

black_taxi_2

My target is MF before general election 2015,then save for 1st time in my life

spidystrider

I won't be able to pay off any more before the 12th, so I've just updated with a figure of £38,860. I hope everyone else is doing well

gallygirl

No. 8 gallygirl reporting in sir .

Away on 12th so balance as of 1st June = £61,272. Still behind but hopefully will start catching up now .

Looking forward to seeing the updated chart, well done everyone :T.

someday_soon

Hi All

Update time again!
£2,901.22 for me and I expect to be through the finishing line at the next update. Have done 2 of those regular saver things with frist dryrect at 6% for the max of £300 p.m this month as it is worth slightly more to me than paying it off the mortgage. I have been thinking of doing this for quite a while, but I have been derailed in this quest before and the finishing line is in sight.
The other consideration I now have is whether to keep the mortgage live at 2.5% to benefit from this rate for any future borrowings(which I am not planning:D) but you never know:o
Great to see so many reporting mortgage weight loss.
You know it makes sense!

FB Hope you have remained upright most of this month - we all miss your posts:T

Someday Soon