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We did it - We're mortgage free!
Gringot
Posts: 14 Forumite
After much faffing around trying to get cheques from building socities, we have finally been and paid off the mortgage!
As of 9:57am we were mortgage free. It feels wonderful, and I just wanted to post to encourage all those who are working towards being mortgage free to keep chipping away at it. It's amazing how quickly it comes down when you keep paying off little amounts. For us, we have saved around £90k in interest payments. :-)
Time for a celebration I think!
As of 9:57am we were mortgage free. It feels wonderful, and I just wanted to post to encourage all those who are working towards being mortgage free to keep chipping away at it. It's amazing how quickly it comes down when you keep paying off little amounts. For us, we have saved around £90k in interest payments. :-)
Time for a celebration I think!
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Comments
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Congratulations!:beer:
So what will you spend the money on now?MFIT No. 810 -
Thanks!
I have no idea what we'll spend the money on, we have everything we want and need... I expect we will invest some, save some... It's like having a 30% pay rise!
*hands round glasses of champagne*0 -
Fantastic news, congratulations :T :beer:
Caz0 -
Congratulations! I love hearing these stories. Hope you don't mind my being a bit nosy here but I do have a question - Were you devoting a lot of energy and focus to paying off the mortgage? - and if so, where do you think you will channel this now? I have become a bit obsessed about figures and not spending and I am wondering how being mortgage free affects others - not just re not spending money but about what you will focus on (if that makes sense?!)
Well done again :j
Sparkly0 -
Can I ask how long this took you ?? Please give us some more info as to your success ... I loved reading funkygibbons story, it was so inspirational and would love some more to keep us plugging away at our mortgages!!
Well done though!! :beer: :beer:
Mortgage Total: £53,041 / £75,000
Holiday Pot £1336/£20320 -
Wow!! Fantastic!! Well Done!!
:beer: :beer: :T :beer: :beer:Mortgage Feb 2001 - £129,000
Mortgage July 2007 - £0
Original Mortgage Termination Date - Nov 2018
Mortgage Interest saved - £63790.60
ISA Profit since Jan 1st 2015 - 98.2% (updated 1 Dec 2020)0 -
Congratulations!! :beer: Like the others above, I wouldn't mind reading how you did it and over what timescale - we all need inspiration for the MFW journey!
Enjoy your MF status:T :T
Best wishes
GQIf you have a talent, use it in every which way possible. Don't hoard it. Don't dole it out like a miser. Spend it lavishly like a millionaire intent on going broke.
-- Brendan Francis0 -
Congratulations - what an amazing achievement.:j0
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Well done!!!!:j Where there is a will there is a way - there is a way and I will find it :j0
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Congratulations thats fantastic :beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0
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