New Mortgage Free Wanabees - advice/comments welcome!

dk67

We have decided to repay our mortgage as fast as possible - and in 2 and a half years, have reduced it from 80K to 48K through saving and making a lump sum overpayment.

we have just changed provider after our 2 year fixed rate has finished and have arranged a direct debit for a £500 monthly overpayment.

love the idea of the mortgage pig too and will be starting using this on Monday morning.

thinking of moving away in a year, so would love to pay off as much as possible to enable more equity.

be grateful for any tips from other MFW members.

oh also, does every mortgage charge a MEAF? I would live to reclaim but cant find a record of this on our contract.

thanks and good luck all!

dk67

bump!!

jessicamb

Hi DK67

:wave:

Welcome to MFW. Sounds like you have got quite a lot in place already which is great . I'm sure people will have a lot of advice to be able to offer you - I've picked up a lot of tips just from reading the threads on here. One thing I like is if you save money on something (like tonight I was very good and cooked when I was planning on a takeaway :A) put the money you would have spent in the pig). I'm sure it will soon build up into something bankable.

It might be better to have a look/start a thread on the mortgages board to ask about your MEAF if you dont get any responses on here.