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Mortgage Free in Three Yrs
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Well I'm just resurrecting this ancient thread to say that today we got there! Relief isn't quite the word!
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.0 -
Well done! That's fab. I've just read through this thread and am hoping they do this challenge again.Mortgage Free Wannabe:June 2020: £43,025.945 year fixed rate: 1.84%Monthly payment: £190.91Mortgage free by: 30/06/25Mortgage term: 23 yearsMy mortgage free diary is here.Pay All Your Debt Off By Xmas 2023 - #54: £3132 / £4786.74 (65.44%)0
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There is a MFiTT-3 thread running somewhere. Have a look, I'm not sure if they are still taking people on. There is also the 2013 MFW thread which is taking people until 30/12/13. There is always a challenge of some description running on these boards.
Good luck with your MFW journey
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.0 -
I was just reading the MF in 3 - T3. I emailed Financial Bliss to see if I could join. I'll look at the other one you mentioned. Thanks for that!
ETA: I've just filled out the online form to join the 2013 MFW challenge.Mortgage Free Wannabe:June 2020: £43,025.945 year fixed rate: 1.84%Monthly payment: £190.91Mortgage free by: 30/06/25Mortgage term: 23 yearsMy mortgage free diary is here.Pay All Your Debt Off By Xmas 2023 - #54: £3132 / £4786.74 (65.44%)0 -
well done kaz! i still keep this thread subscribed for old times sake;)
am still keeping going, but probably another 3 years to go:(
but have also spent approx 10k on a new car and house improvements in recent times too.0 -
Nostalgia bump!
LOL, my mortgage went from £150k to about £60k on this challenge, then went zooming up to £300k when we bought our dream home. So much for being mortgage free, though I'm really glad I did the MFiT challenge because it gave us the equity to buy our lovely new home.
I'm still overpaying, but not a religiously as I did on this challenge. We got the mortgage down from £300k to £243, then back up to £250k when we borrowed money to get new windows.
My aims these days are to renovate the house and reduce the mortgage a little bit so that we don't get into difficulties if interest rates rise.
Hope everyone on the old MFi3 thread is doing ok.
Yours,
DD 0 -
Hi MFW_ASAP
Yay to the nostalgic, you'll be pleased to know that after the first challenge ended we had a MFW T2 (Take 2
) and we are now in T3 with that one due to close Dec this year. We've had lots of successes along the way too
Regards
ATTMFW Start Date 1.4.08. Updated 23.1.18. MFW date 1.8.18
Original Mortgage o/s £187,643 / £71,904 (-115,739)
Repay o/s £92,661 / now £55,900 (-36,761)
Int Only o/s £94,982, now £16,004 (-78,978)
Total daily interest £1 [a) £0.77 b)£0.23
Total OP's:2018 target £TBC YTD £1,9950
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