The Mortgage Free Roll Of Honour

skilly

Morning all,
Started with a mortgage in 1984
Finished 24 March 2016 ��

MichaelMcCarthy

a. February 2000 after a terrible day at work
b. £65,000
c. Mortgage free on 4th February 2005 after abusing many 0% credit card offers. Officially one of the best days of my life!
d. Throw any spare cash at your mortgage and treat it as a game.
e. I was mortgage free before joining this site

Clutterfree

I paid off our mortgage this morning! :j
We don't have any loans or outstanding credit card balances so are completely debt free! :T

Hoping to move house in the summer, purchase and sale all agreed, so it will be great to own our new home without a mortgage.

Simker

Just found the mortgage free roll of honour!

A) never thought about being mortgage free until redundancy so back in 2009.
£38000
C) last July
D) always show around to find the best deal and research!
E) various posts and information on MSN for inspiration

Darren_Hancock_1978

a. Seriously thought about trying to become mortgage free in 2009
b. £90,000 in October 2006 @ 5.5%
c. June 2016
d. Overpay, Overpay, Overpay! Although not suitable for everyone I can not praise highly enough the benefits of an offset mortgage, it took years off my mortgage! I am now completely debt free and it feels great!

wearsider

I am now mortgage free and want to move - how do you release the cash in your existing home to pay for new one without taking out a mortgage or loan!!

Tony_

Been looking forward to this day for a while, and finally paid it off today. :rotfl::j

a. 2010
b. £40000
c. 20 June 2016
d. If you can overpay, do so...

fleetingmind

a. The date you decided to become a MFW
There wasn't a specific date i just got unlucky and got very ill then got very lucky as I had a insurance policy.
b. Mortgage Debt at its highest
£165,000
c. Mortgage-Free Date
05/07/2016
d. Your one pearl of wisdom.
6 years ago I took out a life/critical illness insurance with the hope that i would never have to use it but the security for me that if something happened my wife and kids would be looked after. £80 a month it cost me. Certainly would have preferred not to have gone through all of this just to get my mortgage paid off.
Luckily my insurance company (AVIVA) mentioned in their final settlement letter that if paying off a mortgage with critical illness insurance money a lot of mortgage companies waiver the early repayment fees. That saved me over £6.5k.
e. The MSE Mortgage guides and others that helped you
Plenty of help advice in various forums.
f. And if you had a mortgage freedom diary on MFW, a link to it.

HelenDaveKids

MY TURN!!!!!

a. the date you decided to become a MFW
Paid off my morgage a few years ago and so when took out current in October 2011, had a clear goal that once renovation work completed would start immediately.

b. Mortgage Debt at its highest
100K. Already Morgage free when bought dream house so this was the difference and the renovation costs after Savings used.

c. Mortgage-Free Date
1st August 2016. All lined up ready to go.

d. Your one pearl of wisdom.
Every little helps. Might seem tiny in comparison to the number but it snowballs and you have to start somewhere, but don't forget its a journey.. enjoy it.

e. The MSE Mortgage guides and others that helped you
Always found the overpayment calculator motivating.
Equally each of the groups offer different ways of saving / making money so make use of all those sources, from shopping, utilities, ebay'ing, surveys etc.

f. And if you had a mortgage freedom diary on MFW, a link to it.
5 years MFW - Lets get cracking...( in MFW)

Please can I have my badge?

xxx

Tilly_MFW_in_6_YRS

Brilliant to read your post HDK. Huge congratulations

Tilly xxxxxx