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Mortgage Free in Three Yrs

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Comments

  • FreedomGirl
    FreedomGirl Posts: 155 Forumite
    Mortgage-free Glee!
    Hi guys,

    Well, our mortgage is still going in the wrong direction and the OH is having his 13 week interview with the benefits guys. But he is having job interviews as well which is a good sign...

    But, I finish my studies in September (last grant cheque end of Sept) and have a job to go to at the beginning of October! The pay will be enough that, even though I have to live away from home during the week, I'll be able to keep the house costs going and, if the OH pulls his spending to hardcore levels, we'll stay level on the mortgage.

    TallGirl - I'll PM you in a week or so. Feel bad as we're going backwards at a rate of £1000/month (offset, so covers running costs) and pushing the total the wrong way. Hope the rest of the MFiTers don't mind too much :(

    FG
    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.

  • RosieTiger
    RosieTiger Posts: 863 Forumite
    Wow, congratulations to those of you that have made it. This just makes the MFiT Take 2 challenge seem so worthwhile. Can't wait to read your thoughts on the Roll Of Honour !
    RosieTiger - Highest £242,000 Feb 2004 :mad:
    Lightbulb Dec 2008 £146,000 by March 2026:eek:
    MFi3T2 and T3 No 28 - Dec 2009 Start Balance £117,000
    Current Position-Fully off set by savings since March 2013
  • setmefree2
    setmefree2 Posts: 9,072 Forumite
    Mortgage-free Glee!
    Mushy61 wrote: »
    Woo Hoo !!!

    Final payment came out of my account on Wednesday, I am now mortgage freeeeeeeee!! :beer:.
    I would like to thank Tall Girl, AnW's Mum, Dithering Dad and many others who have put a lot of time and effort into this venture and would like to wish you all the very best of luck in your quests to be MF.

    Keep going it is a wonderful feeling when you finally get there.

    Good luck all !

    :beer:

    congratulations_card%5B1%5D.gif




    WOW must feel great :T:T:T
  • ailuro2
    ailuro2 Posts: 7,540 Forumite
    Part of the Furniture Combo Breaker
    Well done to Mushy61, who is/was #38 in our list of challengers.

    The closer we get to the finishing line more of us MFi3ers are reaching our targets EARLY.

    Who would have thought at the start of the three years that we could be ahead of the targets we set ourselves?

    I for one thought it was a bit much but didn't want to put too small a goal, and it's amazing what can happen with a little focus!
    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.
  • dawnylou
    dawnylou Posts: 3,135 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Name Dropper
    Congrats Mushy61, keep it up financialbliss, and good luck for your OH FreedomGirl!
    There is a thread somewhere on here where everyone is trying to make some sort of overpayment on the mortgage - first time I ever called and had to queue and wondered if it was because of this?! lol
    Dream of being mortgage free....
    APR 2007 - £109,825 FEB 2012 - £98,664.53:beer:

  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Start £53300.48 , now £33,690.83 - £19,609.65

    Would be back on target by Dec and beat target by £1,600 if not for around 6k of expenditure in the pipeline :eek:. So, £4,400 to find.......

    Off to check down side of settee :rolleyes:


    Well done mushygirl & good luck to OH FreedomGirl :T


    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
  • benbenandme
    benbenandme Posts: 12,365 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Photogenic
    My update: Mortgage now stands at £46,000 :beer:
    Mortgage Total: £51,549 / £75,000
    Mortgage Overpayments Pot £1263
  • WELL DONE MUSHY61!! :beer:
    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. :)
  • Quick update from me, balance at present stands at 6,800 but I am due some interest from a regular saver which has matured so I'll count that later.

    Well done 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. :)
  • Bluelad_2
    Bluelad_2 Posts: 90 Forumite
    Hi haven't posted on Moneysaving for a long time but just pm'd Tallgirl.

    I'll be sort of cheating next week as I've just been given some money that my good old nan left me and will be using some to pay a bit more off. Should achieve what I set out to bring it down too with this one hit. Still intend paying my monthly exta though. Can never pay too much.
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