Mortgage Free in Three Yrs

ailuro2

I agree with you about the sigs, DD- but I can also see why they did it with a site this size, there were plenty of members with sigs with jumping smileys and every last details of what's in their cat's piggy bank as well as the rest of the family.:rolleyes:

Good Luck catching up on that extra shortfall to meet the MFi3!

setmefree2

TTBG,

How odd is that? We have a flexible tracker - it's described on line as a Woolwich Flexible Tracker - and shows the previous days balance at the close of business. Weird?:eek:

do_it_today!

Hi all :hello:
not very motivated at the moment - lots of money going out and not so much coming in... so I dont see being able to pay off much at the moment! Also preoccupied with coming funeral.
what I need to do is really sit down and see where we are with things and see exactly how much we can put in the pot. Mortgage woodpecker is a bit starving at the moment I must say!

do_it_today!

also when is the next chart update deadline?

TallGirl

do_it_today! wrote: »

also when is the next chart update deadline?

The next update is going to be

16th April

to show how we have done

AT THE END OF THE FIRST YEAR

I can't believe we have been going for that long, just amazing what people have achieved and I really look forward to those PM's.

All is well here, off to play golf today for the first time this year. Beutiful sunshine so should be good. Also £170 up on MB, in 16 days. Anyone who wants to give it a go I say it is good fun but requires are lot of reading on the MB board.

heckmondwike06

Hi

I've a Capital One card that pays 1% cash back and pay off my balance in full at the end of each month. I was thinking of making overpayment by credit card and earning 1% cashback on all overpayments.

Do you know if Halifax charge any extra for credit card overpayments? By paying off £7,500 against my credit card, I can actually earn £75 each time! Have you done this before? If so, what went well and what should I look out for?

Also, my recent overpayment of £20,000 incurred a 2% charge of £400. To date, I've paid off £31,000 and intend to continue paying it all off.

I fixed my mortgage rate for 2 years at 4.99% that ends on 30th April 2008. The question is I intend to pay another £15,000 between now and end of April, should I make these part-payments now and pay 2% fee or wait until 1st May with no fees?

Many thanks to all of you for keeping everyone motivated especially Dithering Dad & TallGirl!

ailuro2

afaik, you can't use a credit card to pay your mortgage.Sorry. Yes, we've all had the thought, and it's a good one.

You can stooze and put the money into an overpayment fund though.

farhad1965

ailuro2 wrote: »

afaik, you can't use a credit card to pay your mortgage.Sorry. Yes, we've all had the thought, and it's a good one.

You can stooze and put the money into an overpayment fund though.

Yes - I recall some time ago I was told that a debt cant be cleared with another debt. I was trying to settle a loan and was told that it can only be done with cash or cheque. A credit card cheque should be OK; although I dont ever touch those, they get ripped up and hit the bin on arrival.

Trying_to_be_good

Credit card cheques tend to be classed as cash advances, and therefore charged at some outrageous interest rate (normally >20%) so PLEASE check before you consider doing that - 1% cashback wiped out twenty times over.

A few years ago I did manage to pay off my Student Loan with a cashback credit card, then transfered the balance to a 0% deal. Not sure why this was allowed.

Trying_to_be_good

do_it_today! wrote: »

Hi all :hello:
not very motivated at the moment - lots of money going out and not so much coming in... so I dont see being able to pay off much at the moment! Also preoccupied with coming funeral.
what I need to do is really sit down and see where we are with things and see exactly how much we can put in the pot. Mortgage woodpecker is a bit starving at the moment I must say!

do it today

Don't worry about what more you can do just now - remember what you've already done and how much you're saving!

This is a difficult time of year even without a funeral, hopefully the sun (if you're anywhere near me) in the last couple of days will help you feel happier about everything.

And remember, even the pennies count, so don't beat yourself up about not paying off enough. :T