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Mortgage Free in Three Yrs

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  • catshark88
    catshark88 Posts: 1,099 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Mortgage-free Glee!
    Bit of an update from the Catsharks.

    We have just gone under the £150k mark and "only" :eek: (!!!) owe £148,669. Long, long way to go, but thrilled to see a 1 and a 4 at the front of the scary number! :j

    Keep going everyone.
    "Have nothing in your houses that you do not know to be useful, or believe to be beautiful." William Morris
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    ailuro2 wrote: »

    On a MFi3 note - me and DH are down to 4 figures!!!! :j

    WOW - Well Done:T:T:T:T:T
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    catshark88 wrote: »
    We have just gone under the £150k mark and "only" :eek: (!!!) owe £148,669. Long, long way to go, but thrilled to see a 1 and a 4 at the front of the scary number! :j

    Keep going everyone.

    Well Done to you too:j:j:j:j
  • ailuro2 wrote: »
    ... the newer thread is a bit more enthusiastic - we're in the boring long haul bit now, not the first flush of mortgage overpayment joy!!

    Lol, brilliant statement ailuro2 and totally spot on! If the MFi3 were a relationship we'd be far beyond the 'exciting infatuation stage where one can't keep our hands off each other' and are now firmly at the 'sitting in a pub together, not speaking and staring off into the distance'. Let's hope we can last out the full 3 years before divorce strikes! :rotfl:

    Like quite a few others, I'm finding it tough going at the moment. I'm also slightly worried about the economy and my ability to get contract work easily and have decided to leave a lot of money in my company bank account for rainy days. Obviously, this means that I have less personal income and so less money to pay onto the mortgage.

    I have just been extended on my current project though and will now have work until January next year :j . I've also just signed up to get a fitted office installed (mostly paid for by my company) so that's another dent in my mortgage free dreams - though it will add a bit to the value of the house and make it easier to organise my business, so I'm happy to do it.

    I am really chuffed with how much I've paid off my mortgage so far though :)
    Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
    [strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!! :)
    ● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
    ● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
    Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.73
  • well done to ailuro2 for getting below £10k, seems a great achievement, I am looking forward to next month as hopefully I will be below £20K! :)

    Keep up the good work everyone
    Save £12k in 2012 no.49 £10,250/£12,000
    Save £12k in 2013 no.34 £11,800/£12,000
    'How much can you save' thread = £7,050
    Total=£29,100
    Mfi3 no. 88: Balance Jan '06 = £63,000. :mad:
    Balance 23.11.09 = £nil. :)
  • DD,

    LOL - loving the relationship analogy :)

    FG
    ps Congratulations to everyone who has got below a key number (whether 100K, 150K or whatever). It feels so good :)
    MFiT-T4 Number 68
    MFiT 4 Goal - Build up savings (SIPP, ISA etc.) to £250k . Current balance £174748 (1/8/16).
    Crazy goal - £500k by Jan 2026.

  • Kaz2904
    Kaz2904 Posts: 5,797 Forumite
    1,000 Posts Combo Breaker Mortgage-free Glee!
    Hello guys, I'm back from my holiday feeling refreshed and laid back. Well at least I was until I walked into work on Monday night and found out I was on my own!
    Weather was fabulous, this time last week I was sitting outside in 40 degree heat in the evenings. Lush!
    Anyway enough rambling. Holiday spends were not too bad. £753.95 spent while we were away. I've just added everything up and as MiL gave us 1/3 of the accomodation cost we only ended up spending £750 for 2 weeks of sun and treats. We only ate out 4 times during the holiday as the weather was lush and we were really rural so no need to go out anywhere.
    Snowball's looking OK but still on July 2013 at the moment. I'll have to find £694.75 extra to clear it along the line somewhere. I think I'm still a little behind target but we have no internet access at work now so I can't check anything I need to check.
    Congratulations to all those of you who have broken memorable numbers- I'm now sub 60K on the mortgage. Can't wait until I'm sub 60K overall!
    Better update sig then hadn't I?
    TTFN, Kaz.
    Debt: 16/04/2007:TOTAL DEBT [strike]£92727.75[/strike] £49395.47:eek: :eek: :eek: £43332.28 repaid 100.77% of £43000 target.
    MFiT T2: Debt [STRIKE]£52856.59[/STRIKE] £6316.14 £46540.45 repaid 101.17% of £46000 target.
    2013 Target: completely clear my [STRIKE]£6316.14[/STRIKE] £0 mortgage debt. £6316.14 100% repaid.
  • ailuro2
    ailuro2 Posts: 7,540 Forumite
    Part of the Furniture Combo Breaker
    Well done to all the members of this week's 'sub club'

    :beer::j
    Member of the first Mortgage Free in 3 challenge, no.19
    Balance 19th April '07 = minus £27,640
    Balance 1st November '09 = mortgage paid off with £1903 left over. Title deeds are now ours.
  • Just watching 9AM - the BBC1 Andrew Marr show - and wanted to say how please I am that we started this challenge at the right time, and how much healthier (at least financially) our outlok must be now compared to some. I know we're still affected by the credit crunch, but we're getting our houses in order in more ways than one!

    Well done everyone, let's keep inspiring each other to make our survival prospects, and then hopfully happiness and freedom prospects, even better.
    Mortgage Free thanks to ill-health retirement
  • we r very glad 2 now have only a small mortgage. have got back from hols 2 find the golf range where my ( self employed) OH works is flooded. Again!!!! :eek:
    Have had a horrendous last yr income wise so keep looking at mortgage spreadsheets to make me smile when am feeling a bit down about it all.
    Oh and i keep looking on this thread to cheer me up 2!

    Hope other people r having a better time income wise! :D
    Member of mortgage free in 3. £13,000ish to go on mortgage but now running out of :rolleyes: money! Hard slog for this last bit!
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