Mortgage Free in Three Yrs

TallGirl

Lovely to get updates from people we don't hear from that often but please please PM me with your figures it is just too much for me to try and work it out from the thread and your signatures. Next up date is

16th April

setmefree2

Happy Easter to all MFWs:easter:

molit

Hi, thanks for the replies and wishes of good luck - and ttbg be happy - I am. My mortgage is fixed at a nice low rate ~ 4.7% for the next 13 months, and I incur some nasty penalties if I pay off early - apart from next Jan, when I can pay off 10%. In the short term most of it will go cash isa S&S isa, high rate interest account, and some nice funriture for my house and maybe a cheap holiday :-)

Longer term I am tempted to offset the majority of it, part of me would like to use the cash to fund btl. At the minute, its a terrible idea, but I think in a couple of years time it might become very viable again??? If not, I am tempted to change my mfi3 target from pay off £20k, to only have something like that left, but only if things go well

daisydog_3

Is it too late in the day for me to join you in your mortgage free quest? You all seem very focussed and encouraging, just what I need to keep me on the straight and narrow!
Mortgage 84,500
No debts
Yo-yo saver!
Novice stoozer

Kaz2904

Hi Daisydog, there is another thread for people who have only started their three year quest this year. It's not that you're not welcome here at all but we've been going for nearly a year on our three year challenge.
Many of us will be still paying our mortgages off in 2010 so don't worry!

daisydog_3

Just realised there's an '08 crowd hard at it too, will join them. Good luck to you all, keep up the hard work

Move_To_Portugal

Happy Easter to all on the MFi3 thread:EasterBun

cupid_s

I GOT OFFERED THE JOB!!!!!!!!!!!!!!!!!!!! (But not the one that would let me overpay lots - in fact we'd be poor considering we'd have to move to reading and pay ridiculous amounts in rent as opposed to £300 a month mortgage)

So thanks everyone for the kind messages and advice. I had the interview on Wednesday and they e-mailed me thursday lunchtime to say they would very much like to offer me the position.

Apparently they really enjoyed my presentation (erm if they say so - I was really nervous), and they think I can push the project forward. I was amazed that I managed to answer all their questions in a vaguely ok way. Not sure I should have said I wanted to do a post doc 'cos I must be mad' though!

This would be great but there is one problem. My husband had an interview for a job in oxford and the same day I got my offer (the day after the interview) he got a letter to say he hadn't got the one he applied for.

So now we're stuck. DH has a job here paying a good wage, and we can live really cheaply here on just his money and I'll keep looking for jobs closer to here. (I could take my time in finding one as he picks up about £800 more than we need to live on each month). Or he could leave his job here to move with me to a city where we will hardly be able to live on my wage alone as it's so expensive there, and he'd just hope to find a job soon, but there are so many more places to work near reading - he could look at uni's in london, oxford, reading and I'm sure he'd find something soon.

I wish that I hadn't liked it there but it was great and I know I'd fit in really well and DH is saying I can't turn it down and we'll sort something out. Why is nothing ever simple?

I am still waiting to hear about the other interview so hopefully when I hear about that we'll be able to decide what is best to do.

Molit, hope your interviews go well. The redundancy could just be the best thing that could have happened to you, if you end up with a cash lumpsum as well as a better paying job.

Trying_to_be_good

Congratulations on being offered the job! This gives you some options, including the confidence boost of knowing you're in demand. No reason why other people closer to home shouldn't be wanting to employ you if you choose to turn this one down.

firesidemaid

cupid_s wrote: »

I GOT OFFERED THE JOB!!!!!!!!!!!!!!!!!!!! (But not the one that would let me overpay lots - in fact we'd be poor considering we'd have to move to reading and pay ridiculous amounts in rent as opposed to £300 a month mortgage)

So thanks everyone for the kind messages and advice. I had the interview on Wednesday and they e-mailed me thursday lunchtime to say they would very much like to offer me the position.

Apparently they really enjoyed my presentation (erm if they say so - I was really nervous), and they think I can push the project forward. I was amazed that I managed to answer all their questions in a vaguely ok way. Not sure I should have said I wanted to do a post doc 'cos I must be mad' though!

This would be great but there is one problem. My husband had an interview for a job in oxford and the same day I got my offer (the day after the interview) he got a letter to say he hadn't got the one he applied for.

So now we're stuck. DH has a job here paying a good wage, and we can live really cheaply here on just his money and I'll keep looking for jobs closer to here. (I could take my time in finding one as he picks up about £800 more than we need to live on each month). Or he could leave his job here to move with me to a city where we will hardly be able to live on my wage alone as it's so expensive there, and he'd just hope to find a job soon, but there are so many more places to work near reading - he could look at uni's in london, oxford, reading and I'm sure he'd find something soon.

I wish that I hadn't liked it there but it was great and I know I'd fit in really well and DH is saying I can't turn it down and we'll sort something out. Why is nothing ever simple?

I am still waiting to hear about the other interview so hopefully when I hear about that we'll be able to decide what is best to do.

Molit, hope your interviews go well. The redundancy could just be the best thing that could have happened to you, if you end up with a cash lumpsum as well as a better paying job.

if they want you that much, explain about the extra expense etc etc and see if you cannot re-negotiate the salary plus moving expenses etc etc.

well done x