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

Kwaker_Knacker

Just did my update, but I clicked on "Update Chart 1" instead of chart 2. D'oh!!

Shall I do it again for the correct chart??

Thanks

K_K

abouttimetoo

K_K, don't worry, you've clicked the right one, we are on chart 01, the one due March 12th is the first of this challenge

Regards
ATT

Kwaker_Knacker

Phew. Thanks ATT

K_K

black_taxi_2

time for a pep talk

targets

it can be an advantage to break it down


1.£48k-debt/re-mortgage/mortgage--12/12/09
2.£8k-bank loan debt--PAID--01/06/11(targeted this first)
3.£18.5k-remortgage--£1900 to pay--01/05/13(targeted this 2nd)

making an an effort to clear remortgage by 1st may as april is a 5 week month

once i do this i will only have original mortgage left--another snowball effect

g/l all

tattycath

black_taxi wrote: »

time for a pep talk

targets

it can be an advantage to break it down


1.£48k-debt/re-mortgage/mortgage--12/12/09
2.£8k-bank loan debt--PAID--01/06/11(targeted this first)
3.£18.5k-remortgage--£1900 to pay--01/05/13(targeted this 2nd)

making an an effort to clear remortgage by 1st may as april is a 5 week month

once i do this i will only have original mortgage left--another snowball effect

g/l all

That's brilliant black taxi :T:T:T you're doing really well.

lulabelle1

I've just submitted my update, how exciting! Thanks for taking the time to run this thread

Mortgagefreeby50

Update submitted- I phoned for my balance this morning.

I have reduced my mortgage from £199,369 to £197,788 so far- a reduction of £1581 in three months. This is by normal mortgage payments and a £33 overpay each month which rounds the monthly payment up to £1k.

I am also saving hard for overpayments, but putting them in an ISA instead of paying them off directly as they will double up as my emergency fund. I will add my savings to the total at the end of the challenge I think, as they may fluctuate throughout the years.

At the moment the ISA balance is £4560 and the amount in the instant access savings is £594. So overall overpayment pot is £6735.

akamustang

Still curious to know if I've been added as a participant or not yet.

MuffinTops

I've decided to throw my update in now as I can't see me OP'ing again before the deadline date. It's an odd number though, so I think my future OPs need to keep me at round figures!

Wooh, the first update of my first MFiT challenge.

ajmoney

Just filled out the update form...if my calculations are correct then I think I should be in the green