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MF goal March 2016
croboy
Posts: 119 Forumite
After tons of saving we managed to pay 28.5k lump sum off mortgage leaving around 56k to pay as of 1/1/14. We have investment of approx 30k (depending on price at time) maturing in March 2016 so my goal is to pay the 26k between now and then so we can be MF with maybe some extra (depending on share price) in March 2016.
I plan on resisting the purchase of any car (mine is nearly 10 years old but I do love it) and making as many overpayments as possible.
We can make 5% overpayments on 50k of mortgage and the other 6k can have unlimited overpayments.
27 payments to go!
I plan on resisting the purchase of any car (mine is nearly 10 years old but I do love it) and making as many overpayments as possible.
We can make 5% overpayments on 50k of mortgage and the other 6k can have unlimited overpayments.
27 payments to go!
0
Comments
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Update: Managed to pay £4800 (5% max op for year) as well as regular op's.
Currently owe
Mortgage 1: 43784
Mortgage 2: 3298
Total as of 01/05/2014= £47,082
23 payments til mortgage free.0
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