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It's gone!!!
masont
Posts: 8 Forumite
Every month for the past 3 years when my 105K mortgage kicked in I've estimated the date the mortgage will be no more. It had become an obsession. Much of the day was spent thinking about how I could pay the damn thing off quicker.
I regularly overpaid by £400 per month and that was making a dent. And then a bit of a bombshell. Redundancy. Decide not to appeal it (the thought of working with the very people responsible for wanting me out sent a large number of shivers down my spine) and have to reassess all my finances again.
With the overpayments, the redundnacy money and a surprisingly high return on a (pretty much forgotten) endowment policy I am not only mortgage-free but a few grand in credit - unbelievable. In 3 years 5 months and 13 days.
With luck and fortitude it can be done. The very best of luck to you all.
No job though!
I regularly overpaid by £400 per month and that was making a dent. And then a bit of a bombshell. Redundancy. Decide not to appeal it (the thought of working with the very people responsible for wanting me out sent a large number of shivers down my spine) and have to reassess all my finances again.
With the overpayments, the redundnacy money and a surprisingly high return on a (pretty much forgotten) endowment policy I am not only mortgage-free but a few grand in credit - unbelievable. In 3 years 5 months and 13 days.
With luck and fortitude it can be done. The very best of luck to you all.
No job though!
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Comments
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Congratulations MasonT!
I'm sure the determination you used to get yourself mortgage free will help you get an even better job in no time!
Sparkly0 -
Great news masont! :beer: All the very best for the future.Life is not a dress rehearsal.0
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Another success story, wel done and many congrats!Regards,
Dave
If only I had a pound for every time I used the thanks button
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Congratulations MasonT
The early bird gets the worm but the second mouse gets the cheese :cool:0 -
Now you don't need to worry about getting a job that pays the mortgage.
You will be very surprised at how little you need to live on once the mortgage is paid off!Behind every great man is a good womanBeside this ordinary man is a great woman£2 savings jar - now at £3.42:rotfl:0 -
Well Done :beer:
Good Luck with the job hunting
LMS xxMortgage Balance 1st May 2009 £94749.00
Current End Date 1st April 2039.Total Overpayments to date £950.00 :j0 -
COngratulations, i'm just joining the MFW board so nice to know it's possible xxJanuary budget
Nothing left!0 -
Congratulations... WOW... just think.. you could even get a part-time job right now, live comfortably and have lots of free time to pursue hobbies!!
I'm so jealous!!! xxxx
:T0 -
Congratulations- and good luck in the job hunting- not having a mortgage to pay means your options will be wider- you can afford to take a job that pays a bit less but gives you more job satisfaction :jMember 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.0 -
Well done!
You can now take your time to find a job that you really want.0
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