Mortgage Free in Three Yrs

setmefree2

benbenandme wrote: »

My remortgage has gone through today, knocking my mortgage down to £46,000 :beer: and the term has officially been reduced to 15 years

that must be a great feeling

setmefree2

Trying_to_be_good wrote: »

Well done, benbenandme! So good to be able to see the impact of your overpaying.

My update - have accepted offer on my house, have had offer accepted on dream house, have agreement in principle for HUGE mortgage. So exciting and scary, all at once. And I have an interview for an internal job I want on Monday.

Awaiting the stuff through the post from the solicitor and lender, ready to fill in all the forms and search for all the information they want. I had a HIP, so I'm assuming some of it was in there, though I never looked at it myself...

Ebay: 24 items listed, 99p offers on 4 items, >99p on another 4 items (ends Sun 7 Jun)

with the moving and the job interview

ailuro2

Updated my signature today - I am amazed that I can almost touch that three figure some in next month's notional balance.:j

(it's a notional balance because we put the overpayment fund in a higher interest savings bond for a year, for anyone who forgot)

cupid_s

Wow well done ailuro and tallgirl. It's great you'll both finish the challenge early. TG, I hope your DHs business picks up soon.

We're doing worse than I thought we would be at this point. DH is learning to drive and has his test this month and we hadn't budgeted for that and it's cost about £1500. And although my mom and dad have given us a car the insurance is going to be so high I'm wondering if we're going to complete the challenge. And the £627 I spent on shoes, clothes and make up last month didn't help.

Oh and good luck with the move TTBG - hope everything goes well.

AnW'sMum

cupid_s count it as a minor blip on your road to be MFiT It might take a couple of months extra but look at how far you have come already.

I can't believe we are almost due another update, time is really flying this year.

Keep going, every £ paid is a £ closer to your goal

financialbliss

Still here on the MFiT thread - mainly lurking, so here's a post for a change...

Goal was to reduce the mortgage balance by £38,217 from £73,217 to £35,000.

The June mortgage payments / overpayments took me past the 50% of the reduction target. :j Mortgage currently sitting at around £53,980 mark.

I'm not going to achieve my end goal of £35,000 come April 2010, but I'm now anticipating being sub-50k come November and in the mid-40's (I'm counting 46k as mid...:D), which I think is a good result based on an intial target which was, shall we say a tad optimistic.

Keep up the good work everyone...

Financial Bliss.

financialbliss

Hi all,

We've dropped a leading digit again...

We have just 9 months and 25 days remaining, or in pure numbers, just 299 days remaining.

FB.

Desperate_Housewife_2-2

wow, 299 days! doesn't sound long when you say it in days does it?

I just popped on to see how everyones doing and to update sig as I have £250 accumulated in my 'virtual pig' so I am now paying off amounts in £250 lumps instead of £500 lumps!

Had financial advisor round yesterday for yearly update on pensions etc and funds have all taken a hit due to credit crunch. Advised to move some around to finely tune but at least we are buying in cheap and hopefully markets will pick up in the future.

I am having a look around at cash isas now in anticipation of being mortgage free! It will be nice to pay the mortgage money into savings rather than paying off the mortgage, can't wait for that day!

Hope you are all ok and its not too rainy where you are...enjoy the weekend

littlemrtinkle

Sounds like its all going to plan, well done.

RosieTiger

Great stuff, almost within touching distance !