The Mortgage Free Roll Of Honour

candjsmum

Came across this thread by being curious about someone's badge.
So here goes.

a The date you decided to become a MFW

When it looked like hubby was gong to be made redundant, early 2012

b. Mortgage Debt at its highest
£36k

c. Mortgage-Free Date
November 2012


We think ourselves as extremely fortunate as both only in late 40's at the time we became mortgage free.

We knew paying off the mortgage with hubbys redundancy was better than putting it into savings. After all we could live off beans on toast if he didn't get another job, as long as the kids and us had a roof over our head.

Luckily for us he found anothe full time job by the end of the January.

Hammer_Time

a. The date you decided to become a MFW
1982

b. Mortgage Debt at its highest
£289K

c. Mortgage-Free Date
2008

d. Your one pearl of wisdom.
Overpay a little bit when you can, however still treat yourself sometimes.

Iced_Bun

Well thats it its done :j:j I am no longer a wannabe just mortgage free
Its a good feeling :

The date you decided to become a MFW
a.Officially on here 2013 but actually it was way before that I just didnt know about this forum

b. Mortgage Debt at its highest
£96k

c. Mortgage-Free Date
11/01/2015

d. Your one pearl of wisdom.
The decision to do it is the most important thing from then on let it become a mission:)

My original thread

sashanut

a. The date you decided to become a MFW :


The penny never really dropped for years, always had a mortgage, always will....but my DH was desperate to finally own his own home... and our CC debts were so high, they had to come first....so after finally becoming DF last year, decided to attack this last debt



b. Mortgage Debt at its highest


£150K but as it was one of those drawdown mortgages, often was dipped into



c. Mortgage-Free Date


TUESDAY Feb 12th 2015

d. Your one pearl of wisdom


Just throw everything you can at it, the sense of freedom once you do it is priceless



e. The MSE Mortgage guides and others that helped you


Mainly the PAD - payment a day thread, so encouraging & such lovely helpful people!

nearly_done

a. The date you decided to become a MFW :
August 2007 when we bought the house.

b. Mortgage Debt at its highest
£200,599

c. Mortgage-Free Date
19/02/15 :j


d. Your one pearl of wisdom
Set milestones and celebrate when you reach them; and track your spending (learn to love spreadsheets)

tgon

Mortgage free since October 2014 after downsizing. Yay!

andyj81

I have just made my last payment. So on Monday when the payment reaches the mortgage it will be gone. I was with Nationwide, who were always very helpful. So,

a. The date you decided to become a MFW
2009 when I started looking on line at the mortgage how the interest added up each day !
b. Mortgage Debt at its highest
65k
c. Mortgage-Free Date
2nd of March 2015 aged 40.
d. Your one perl of wisdom.
At first I made a note of the monthly interest then just aimed to clear the interest each month. But as interest rates in savings fell I split any spare money into both the mortgage and savings I never stopped saving and as a result I have savings and no mortgage rather than clear it off earlier.
good luck to every one else on their quest.

Tiggifarfar.

Well done MFs!

I'm counting the months now until ours is paid off which should be before Xmas, all being well.

We enquired with the bank how we'd have to pay off the last chunk, i.e., would we need to arranage a meeting, sign loads of paperwork etc. sadly no, they said just transfer the money by bank transfer and they'll do the rest. Takes the fun out of it!

Well we'll still be celebrating this Xmas anyway!

colinw

Dithering_Dad wrote: »

Welcome to the Mortgage-Free Roll of Honour.

This is for Mortgage-Free Wannabees who are no longer Wannabees.

Please report

a. The date you decided to become a MFW
b. Mortgage Debt at its highest
c. Mortgage-Free Date
d. Your one perl of wisdom.
e. The MSE Mortgage guides and others that helped you
f. And if you had a mortgage freedom diary on MFW, a link to it.

And huge congratulations

(I thought that we MFW's deserved a roll of honour too )

PS Please no one else post - let's keep this a pure record of successes


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a. Jan 2014

b. £98,000

c. Jan 15th 2015

d. I would say just keep overpaying when you can afford it. The last few years we were able to pay extra by £500 a Month.

e. And f. I did not have a diary or use the guides just the general Mortgage advice off the main site.

qwerty001

This is the thread that inspires me the most.

I hope to be posting on here with good news before the end of the 2015.

Well done to everybody who has or will soon clear their mortgage.

The hard work, is and will, pay off.