The Mortgage Free Roll Of Honour

ShALLaX

This is my second time through this journey, so here goes:

a. The date you decided to become a MFW
The day I started the mortgage payments - 21st August 2018

b. Mortgage Debt at its highest
£165,118

c. Mortgage-Free Date
6th June 2025

d. Your pearls of wisdom.
Pick a long fix over the lowest rate. I’d pick predictability and certainty over a few saved pounds (especially if you’re paying your mortgage off rapidly). 

Overpay monthly as much as you can without triggering early repayment fees. 

Overpay an annual lump sum as big as you can without triggering early repayment fees. To do this, have a separate savings account that you pay into monthly. Pretend that money is spent - do not touch it unless you have an emergency. 

e. The MSE Mortgage guides and others that helped you
Didn’t use any, but I did use a mortgage tracking spreadsheet that I heavily modified to help me figure out how much I should be saving each month in order to do a lump sum overpayment each year. 

f. And if you had a mortgage freedom diary on MFW, a link to it.
Didn’t maintain one. 

designingalife

a. The date you decided to become a MFW

April 2021

b. Mortgage Debt at its highest

£155k

c. Mortgage-Free Date

April 2025

d. Your one pearl of wisdom.

Don't give up there will be ups and downs but small amounts count.

e. The MSE Mortgage guides and others that helped you

Reading the Diaries of other kept me motivated.

f. And if you had a mortgage freedom diary on MFW, a link to it.

I didn’t, I had a debt free diary but not maintained since 2021.