The Mortgage Free Roll Of Honour

gallygirl

Fantastic EH - well done :j:j:j

A_Frayed_Knot

Great reading, Well done :T Bet your going about like :cool: :dance::dance::dance::dance:_party__party_

lemonjelly

a. The date you decided to become a MFW - before I bought, obvs... (june 2014)
b. Mortgage Debt at its highest - £150k
c. Mortgage-Free Date - sept 2016
d. Your one perl of wisdom. - getting a mortgage deal specific to my needs...
e. The MSE Mortgage guides and others that helped you - N/A, just comments from friendly people
f. And if you had a mortgage freedom diary on MFW, a link to it. - also n/a

I had 2 jobs for 8 years. In that time I minimized all overheads to get a decent deposit. Timed a purchase nicely, and across the past 2 and a bit years, as interest rates have plummeted, savings have paid off lumps. Last calsulation was final payment would be in 4 weeks, so was surprised my lender wrote to me advising it had been cleared early!

StevieJ

Wow, well done LJ :T

BrassicWoman

a. The date you decided to become a MFW - June 2014
b. Mortgage Debt at its highest - £110K
c. Mortgage-Free Date - 18th Nov 2016
d. Your one perl of wisdom. - you don't need a big house and loads of stuff. I am MFW as I downsized. My flat is the perfect size for me and it feels good to know where everything you own actually is, and why you have it
e. The MSE Mortgage guides and others that helped you - house buying, renting and selling board - kept me sane through the move

brila

Made the last payment today!

Date I decided to become MFW - I paid of a large amount of debt in 2006 and it felt good, but I realised that I still had the shackles of the mortgage. We had a slow-ish start because of the recent big push to clear the debt, and family events/dramas. By 2009 we had regained our equilibrium and were ready to start properly.

Mortgage at highest - £157k

Mortgage free date - 4 December 2016

Pearl of wisdom - just keep chipping away at it. Small payments feel inconsequential at first, but playing with overpayment calculators and fiddling with spreadsheets is motivating (and keeps you out of the shops!).

austonic

Yeh. Done it and currently enjoying a three week holiday in Thailand to celebrate.

a. The date you decided to become a MFW
April 2013.

b. Mortgage Debt at its highest
£513,200.

c. Mortgage-Free Date
18 November 2016

d. Your one perl of wisdom.
Sacrifice all comforts to ruthlessly pursue debt clearance from the best income you can achieve.


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.

I read all the guides on MSE and elsewhere, followed the plan to cut biggest debts quickly, but I didn't use the diary.

I was fortunate in that I had a big, but unusual and hard to sell, house and was ultimately able to downsize to a rather nice 4 bed executive property that my wife and I own outright.

For over a year I was at considerable risk of losing that house through repossession though. It has been a tough few years starting with redundancy.

A_Frayed_Knot

BrassicWoman wrote: »

a. The date you decided to become a MFW - June 2014
b. Mortgage Debt at its highest - £110K
c. Mortgage-Free Date - 18th Nov 2016
d. Your one perl of wisdom. - you don't need a big house and loads of stuff. I am MFW as I downsized. My flat is the perfect size for me and it feels good to know where everything you own actually is, and why you have it
e. The MSE Mortgage guides and others that helped you - house buying, renting and selling board - kept me sane through the move

I love this comment and has inspired me somewhat to at least start to declutter seriously, most of the time I just shuffle bits and items around the rooms. Food for thought.

Excellent work - well done

Dia_Pita

a. The date you decided to become a MFW - September 2002
b. Mortgage Debt at its highest - £60,000.00
c. Mortgage-Free Date - August 2016
d. Your one perl of wisdom. - Plan for the unexpected.

Space_Cadet_Smith

a. The date you decided to become a MFW - 1999
b. Mortgage Debt at its highest - £59,000.00
c. Mortgage-Free Date - Dec 2016
d. Your one perl of wisdom. - Don't waste money on crap you don't need..