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

RosieTiger

uzubairu wrote: »

Well done Rosie! :beer:
We've a bit longer to wait before we experience what you are feeling right now.
Although it may feel strange, it must also be very satisfying.

Thank you !

I have said on your thread before that we have always followed your progress and used your progress to keep us on track, so looking forward to see you getting there soon!

ElusiveLucy

Oops, number 50 here with a very late update for 12-Mar......£40556.

Next month I will break the £40k mark, so that is a nice milestone to have met.

black_taxi_2

april-reduced mortgage by £1134

g/l all

tattycath

RosieTiger wrote: »

So, in work today but after a hectic morning finally just got round to checking my bank balance.
Usual pay day would have been over the weekend so with the bank Holiday, my pay hit the account today.

I was expecting a quarterly bonus which has indeed been paid and so....

We now have a savings pot that;s bigger than our mortgage - so effectively we have made it!!!!!:rotfl::rotfl:

Having seen numerous people on the forum ask whether it's better to pay off or retain as savings ( we have emergency funds too) I realise this just comes down to personal preference.

We have always had the idea of paying it off, however, at least for the moment I think we will retain it in savings as we can make slightly better rates than we are paying on the mortgage.

Seems a very strange feeling at the moment, but hesitating to do a :money: given that colleagues will wonder what i am doing!!!!

:j:jwell done! :j:j that's fantastic!
I'm a long way off savings or otherwise-but I'm plodding along. I keep setting myself smaller targets to achieve along the way so it doesn't look like such a mammoth task! At the moment I'm concentrating on finding another £220 so I can knock another month off the mortgage term. So far my end date has gone down from October 2028-August 2027.

black_taxi_2

targets

1.£48k-debt/mortgage--12/12/09
2.£8k-bank loan debt--PAID--01/06/11
3.£18.5k-remortgage--PAID--03/04/13(today--hit target a few months early)(19p in credit )

Only 1 debt left now--my original mortgage---but my debt snowball is now at max

will try to finish dec 2014 or early 2015

g/l all

littlefred169

well done black taxi!

black_taxi_2

webdev i did 18k home improvements 2009 ---best thing i ever did

dont worry about o/p you will get back on track

gallygirl

black_taxi wrote: »

targets

1.£48k-debt/mortgage--12/12/09
2.£8k-bank loan debt--PAID--01/06/11
3.£18.5k-remortgage--PAID--03/04/13(today--hit target a few months early)(19p in credit )

Only 1 debt left now--my original mortgage---but my debt snowball is now at max

will try to finish dec 2014 or early 2015

g/l all

Superb, well done :T:T:T

SusanneCape

Well done RosieTiger and black taxi. Brilliant results!

Did anyone see the headline in the City A.M. this morning? "Britons pay off mortgage debts" stating that more than half of the mortgage debt accumulated during the credit bubble has been paid back (51.2%). Me thinks they are onto us !!!

RosieTiger

I know someone who paid theirs off a few months back and said that they were told the same thing by their lender - lots of people paying off and making lump sum payments.