The Mortgage Free Roll Of Honour

karom

a. The date you decided to become a MFW: 2004 (after 1 year of paying realised we did not reduced the capital that much)
b. Mortgage Debt at its highest: 108,000
c. Mortgage-Free Date: Sep 2015
d. Your one perl of wisdom: Do calculate the interest savings over the period remaining for a given overpayment as it will really help to motivate to make the payment and have no regret that it was not spent in clothes/restaurants etc etc
e. The MSE Mortgage guides and others that helped you : NSD, Weekly spend challenge

While we are very happy to be MF, we are going to start again but with opened eyes and same determination.

kev.s

Mortgage free on 1 property,

A- date MFW 2010
B- £98k
C- MF date Aug 2014
D- overpaid £1k pm then used savings to finalise balance.
E- nothing, some independent advice, prioritised what suited me, may not be suitable for everyone.

Property 2, should be done within 4-5yrs

jcb208

A MFW As soon as I could
B Highest debt £53K
C MFD Year 2000 cant remember exact month
D Always paid off more as soon as spare cash was available
E Nothing as never had internet at the time

neet87

a. The date you decided to become a MFW- August 2010 (When we purchased our house)
b. Mortgage Debt at its highest £75000 + interest
c. Mortgage-Free Date- September 2014 (I didn't realise this thread existed and now would like my badge!!!)
d. Your one perl of wisdom- keep a totaliser (blue peter style!) that you can colour in so you can see your progress, I made ours go up in £5000 amounts followed by £1000 pound amounts in the last £10000. I found it very motivating!

sammy70

a- Decided to be mortgage free 2005, a year after taking it out, but only paid small overpayments until income allowed us to really get stuck in, and we joined mfw 2013,

b mortgage at highest- £57,500

c- became mortgage free- June 2015

d - my tip- small savings from careful budgetting make a big difference- sometimes i only overpaid £5-£10, but it soon adds up! :beer:

Tiggifarfar.

Paid our last payment on Friday!!
a. The date you decided to become a MFW - OH has had it on his mind since he was made redundant 2 years ago. The redundancy wasn't enough to pay it off but he went straight into a job that he hated and never wanted to be in that position again.
b. Mortgage Debt at its highest - £90k
c. Mortgage-Free Date 20/15/15
d. Your one perl of wisdom. Overpay, overpay, overpay. And if you get any lump sums in the meantime, use it as well.
We have no plans to mortgage again or buy anything else. And we won't feel the benefit until next year as we have a holiday to Aus planned in Jan & Xmas, a school trip which is absorbing everything at the moment. This month we're very cash poor as we paid £400 more just to pay it off.

buttons15

a. The date you decided to become a MFW
2010
b. Mortgage Debt at its highest
£110000
c. Mortgage-Free Date
August 2015
d. Your one pearl of wisdom.
Get an off-set mortgage

pa2539

a. The date you decided to become a MFW
2007
b. Mortgage Debt at its highest
£88000
c. Mortgage-Free Date
July 2014
d. Your one pearl of wisdom.
every little helps-keep overpaying as little as you can, it makes a difference!

Daisybanks

Hello guys,I am living on a tight budget at the moment, that's why i'm looking around mse threads. Just wanted to say I am mortgage.:j :T

Daisybanks

Oops!! should say mortgage free:j