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2013 mfw
Comments
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morning, I overpaid £200 today to get my total down to under £55k - just!:beer:mortgage 1 33,000. paid nov 2012
. mortgage 2 87,000 due 51,686.76 at july 2013, but then:new home and remortgage ... £101065.43:eek: now 74k0 -
No over payment to report but the annual mortgage statement arrived today.
Thanks in part to this thread and others in the MFW forum, my monthly interest payments went from £118.53 a month to £75.79 a month during 2012.
Approx £10 a week better off in interest payments, what a lovely feeling.
Isn't it lovely depriving banks of making money off your hard work.
Keep up the good work everyone.0 -
First log in for the year, first over payment of many as of yesterday £35.0
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No 26 signing in, another OP of £100 this month. MPs left feb '08 276- Dec 13 36 :T MB Jan 10 ~ £82,377 Dec 13 ~ £29987
EMFD was Feb 32 :eek: NOW Dec 2013 its Dec 2016
MF new target Dec 16 REACHED!! :j0 -
Is it better to make monthly overpayments or save up the amount & make one or two larger payments? My interest is charged daily-how oes that make a difference please?(if at all)Mortgage Balance May 25- £9975. Planning to be paid off by Dec 25🎄0
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Is it better to make monthly overpayments or save up the amount & make one or two larger payments? My interest is charged daily-how oes that make a difference please?(if at all)
I understand that if you are being charged daily, you should pay off as much as you can as early as you can. That's what I understand, and that's what I apply to my overpayments...hope I'm right. I'm sure someone will shout to correct me if I'm wrong
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Thank you lavender bees, that made sense to me but I wasn't 100% sure!Mortgage Balance May 25- £9975. Planning to be paid off by Dec 25🎄0
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Ooh you aren't far from me! I'm in a town outside of s/land. Love it in Northumberland, when we move from here that's where we want to be.Mortgage Balance May 25- £9975. Planning to be paid off by Dec 25🎄0
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Haha! Where are you?
We'd lovvvvveee to be north Northumberland, ideally between Bamburgh & holy island on the left hand side of the a1, villages like fenwick steady, an croft? I think. With beautiful countryside but also fab sea viewsMortgage Balance May 25- £9975. Planning to be paid off by Dec 25🎄0
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