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2014 mfw

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Comments

  • BlueMoo
    BlueMoo Posts: 424 Forumite
    no 85 for 221 overpayment for Feb please
    M3 Dec2015 #160 Target £150,000 (BU £155000)
  • No 36 logging in for £253 in Feb please. Thanks JCL
    Mortgage Jan 2013 £116677
    Jan 2014 £102k
    Target Jan 2015 £95k
    2013 MFW no149 £10601/£10601 target reached
    2014 MFW no36 £2880.37/£3436 ahead of schedule
  • Beckyy
    Beckyy Posts: 2,833 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    No 100 here - Made a small overpayment for Feb for £65 will be adding to it when I get paid at the end of the month.

    If I make an overpayment of more than £500 (which I usually do) I have the choice to reduce my monthly payments from the next month or reduce the term instead. What is better to do please.

    If you reduce your payments for the next month then you're not overpaying anything, you're just paying your standard payment in advance. Reduce the term.
  • :j Well done Anna! :j
    MFW - number 11 :)

    OP Target for 2014 £1500 Mortgage now £43745
  • BlueDaisy
    BlueDaisy Posts: 268 Forumite
    Part of the Furniture 100 Posts Combo Breaker Xmas Saver!
    :j:j:j Well done Anna Fantastic news:j:j:j:beer::T:T

    Stash Busting Challenge Made 16 / 50 (Get blimmin' organised!)
    MFiT - T3 #158 [STRIKE]£76920[/STRIKE] £66962 reduce to £57K by Dec 2015 - MFD Dec 2022
    Mar AFD 9/18
  • Well done Anna! :D:D:D

    JCL, First Feb OP for #30 - £499.99, thanks :)
  • Gadfium
    Gadfium Posts: 763 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    #33 February OP of £500
  • Thanks Becky for the reply, I've been overpaying by £500 then paying my usual monthly payment of £465 so when I've been asking them to reduce my monthly payment it goes down by a couple of £'s each month so I thought this would give me more money to overpay by, didn't realise it wasn't having any effect on my mortgage.
  • will reduce my term from now on thanks:)
  • Kerfuffle
    Kerfuffle Posts: 1,384 Forumite
    Part of the Furniture 1,000 Posts Debt-free and Proud!
    Number 67 reporting that

    I'M DONE!!!

    Please put me down for £4,200 which completes my challenge this year and I am officially mortgage free.

    So Excited !± :beer::j:beer::j

    :T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T


    C o n g r a t u l a t i o n s

    Anna Glypta

    :j:j:j:j:j:j:j

    I'm so pleased for you :)
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