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

slowlyfading

I've sent my update in on the form - number 79 with a current balance of £102,440

greent

I've sent my update in - No 5 - balance £1744

SusanneCape

No 71 checking in. I've sent in my update - balance £86,856.01 (almost 40k less than when we started)


Smiling all the way ................

SuperSecretSquirrel

#47 - our official balance is now £41,590.20

We managed our stretch target of becoming mortgage neutral this quarter Knowing that we can be officially mortgage free whenever we feel like it is very liberating!

ElusiveLucy

#50 here, just updated via Googledocs. Down to £10,413.80, which means next month I will be down to 4 digits - wow!

Not bad considering I am only 14 years into a 25-year mortgage.

Will be MF within the next 10 months if not sooner :j. Doubt I will make the MFiT end date though:(

lvm

Can't believe I'm been rather absent from here for quite a while and noticed my target was to increase savings from around £23k to £60k.

Have updated the Google Doc but have no idea how I've managed to buy TWO properties since this challenge started (actually, both purchased in the last 9 months) and seem to have £64500 equity and still have a little bit of savings. So well and truly beat my target...well chuffed!

Next target is to completely pay off the first property's mortgage within 5 years of buying it - so by Sept 2019. Here's to an interesting 5 years!

trix-a-belle

OK so I've not heard back from my regular check in with FB, I've still been running a copy for myself to understand that I've put most of the updates in so if people want a chart to track progress I'll post up the link to mine.
Hope you're ok FB

Congrats to all those who have hit their targets already

Fluffypigs

Sorry i'm late - I've sent in my update now.

Still chipping away slowly; I estimate it'll be another 8 years before we've paid it off.

trix-a-belle

trix-a-belle wrote: »

OK so I've not heard back from my regular check in with FB, I've still been running a copy for myself to understand that I've put most of the updates in so if people want a chart to track progress I'll post up the link to mine.
Hope you're ok FB

I have inputted everyones updates up to Fluffypigs on the 19th that registered on the update data page of FB's spreadsheet.
The link to my spreadsheet copy if people want to check their progress
https://docs.google.com/spreadsheet/ccc?key=0AnljKWX-I1BadHByQThMeVpHVS1CaklOZlJPUmFrYmc&usp=sharing#gid=14

pavlovs_dog

comes in looking sheepish... I've done an awful job at remembering to post updates. I've just sent my update for chart 10. Thankfully I've been much more successful at remembering to overpay!

Our balance has just dropped into the £106k bracket. Our motivation for getting to this figure was to have a good LTV for remortgaging. We've achieved that (and will be completing on the new mortgage in the next few weeks). We're on target to finish the year ahead of target which is a nice little boost