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Mortgage Destruction. Beastmode Activated!
Comments
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Another overpayment made. This time for £2000
Details:
Overpayment amount made today: £2000
Mortgage remaining following overpayment: £27,958.43
Interest Rate: 4.74% (No change)
Time remaining at normal repayment amount: 8 Years 4 Months
Reduction in term due to today's payment: 10 Months
Reduction in years since overpayments began: 16 years
Total Months overpaying: 5 Months
Total Overpayment made: 5
Total amount overpaid: £29521.0312/2013 Mortgage £58430.63 - 24 years remain
02/2014 Mortgage £37095.41 - 12 years remain
04/2014 Mortgage £33385.06 - 10 years 5 months
09/2014 Mortgage £22270.30 - 6 years 4 months
02/2015 Mortgage £12001.09 - 3 years 2 months0 -
You are doing really well! Congrats
Do you have a date when you want to be mortgage free?Mortgage March 2013: [STRIKE]£55,956 [/STRIKE]£38,500 (aim to pay off by 2020)
Overpay aim 2013: £9,974/ £5,000 :T:T:T
Overpay aim 2014: £3,800/£12,000
Kitchen and curtain fund: €1,000 / €4,000
Emergency fund: €1,000 / €2,0000 -
Another overpayment made. This time for £5000 due to missing a couple because of holidays.
Details:
Overpayment amount made today: £5000
Mortgage remaining following overpayment: £22,270.13
Interest Rate: 4.74% (No change)
Time remaining at normal repayment amount: 6 Years 4 Months
Reduction in term due to today's payment: 2 Years
Reduction in years since overpayments began: 18 Years
Total Months overpaying: 9 Months
Total Overpayment made: 6
Total amount overpaid: £34521.0312/2013 Mortgage £58430.63 - 24 years remain
02/2014 Mortgage £37095.41 - 12 years remain
04/2014 Mortgage £33385.06 - 10 years 5 months
09/2014 Mortgage £22270.30 - 6 years 4 months
02/2015 Mortgage £12001.09 - 3 years 2 months0 -
if_at_first... wrote: »You are doing really well! Congrats
Do you have a date when you want to be mortgage free?
Hi. Thank you.
I really want to be Mortgage Free by next summer.12/2013 Mortgage £58430.63 - 24 years remain
02/2014 Mortgage £37095.41 - 12 years remain
04/2014 Mortgage £33385.06 - 10 years 5 months
09/2014 Mortgage £22270.30 - 6 years 4 months
02/2015 Mortgage £12001.09 - 3 years 2 months0 -
finish by next summer... so that you can hit the beach? :rotfl:0
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finish by next summer... so that you can hit the beach? :rotfl:
Exactly!
The company I work for is expanding into Spain next year so I've started learning Spanish to enable me to get involved.
Thoughts become things!12/2013 Mortgage £58430.63 - 24 years remain
02/2014 Mortgage £37095.41 - 12 years remain
04/2014 Mortgage £33385.06 - 10 years 5 months
09/2014 Mortgage £22270.30 - 6 years 4 months
02/2015 Mortgage £12001.09 - 3 years 2 months0 -
wow good work. that mortgage is mincemeat at the rate you're ploughing through it!Mortgage: [STRIKE]Apr 2014 £141, 415[/STRIKE] [STRIKE]£137,491[/STRIKE] [STRIKE]£128k [/STRIKE] Dec 2019 £81,6210
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Cheers! I'm delighted with my progress.
I reckon I have around 9 or 10 overpayments left until I'm FREE. I may start a countdown.12/2013 Mortgage £58430.63 - 24 years remain
02/2014 Mortgage £37095.41 - 12 years remain
04/2014 Mortgage £33385.06 - 10 years 5 months
09/2014 Mortgage £22270.30 - 6 years 4 months
02/2015 Mortgage £12001.09 - 3 years 2 months0 -
I'm slacking.
I haven't overpaid since September! I have been saving though.
Planning to pay 8k off first week of Feb.12/2013 Mortgage £58430.63 - 24 years remain
02/2014 Mortgage £37095.41 - 12 years remain
04/2014 Mortgage £33385.06 - 10 years 5 months
09/2014 Mortgage £22270.30 - 6 years 4 months
02/2015 Mortgage £12001.09 - 3 years 2 months0 -
Another overpayment made. This time for £9000
Details:
Overpayment amount made today: £9000
Mortgage remaining following overpayment: £12001.09
Interest Rate: 4.74% (No change)
Time remaining at normal repayment amount: 3 Years, 2 Months
Reduction in term due to today's payment: 3 Years, 2 months
Reduction in years since overpayments began: 21 Years since 12/2013
Total Overpayment made: 7
Total amount overpaid: £43521.03
SO CLOSE!!!12/2013 Mortgage £58430.63 - 24 years remain
02/2014 Mortgage £37095.41 - 12 years remain
04/2014 Mortgage £33385.06 - 10 years 5 months
09/2014 Mortgage £22270.30 - 6 years 4 months
02/2015 Mortgage £12001.09 - 3 years 2 months0
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