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Was Mortgage Free until 52!!!

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Comments

  • A_Frayed_Knot
    A_Frayed_Knot Posts: 3,308 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    With FD they allow you to save £300/month with 6% interest, around my target for o/p/saving.
    Always have 00.00 at the end of your mortgage and one day it will all be 0's :dance:
    MF[STRIKE] March 2030[/STRIKE] Yes that does say 2030 :eek: Mortgage Free 21.12.18 _party_
    Now a Part Timer from 27.10.19
  • User1489
    User1489 Posts: 400 Forumite
    Fourth Anniversary 100 Posts
    Yeah guys I have to say there is a host of 6% and 5% savings accounts.

    TSB, First Direct and M&S are some. Check the main MSE Page on savings to find them all.

    Some do have conditions that are pretty easy to loophole, so be savvy and go from 0.25% to 6%

    I will be once I hit 2017 and hit my overpayment threshold.

    MvM
    Baby Step 1 - £1k Emergency Fund - COMPLETE
    Baby Step 2 - Pay off all debts except the Mortgage - £9,326 to go
    Baby Step 3 - Save 6 months of expenses into full Emergency Fund - £4,300 to go
    Baby Step 4 - Put 15% into Pension
    Baby Step 6 - Pay off the Mortgage early
    Baby Step 7 - Live like no-one else :D
  • A_Frayed_Knot
    A_Frayed_Knot Posts: 3,308 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    A_Frayed_Knot wrote: »
    . . . . . And as a bit of fun, "Your Mortgage" comes up, then asks if you want to re-name it, so I have - "8 Years and counting",:D with the thought of updating it every 6 months or so.:D

    This way I'll see the balance and the term reduce.

    Only trouble is now my interest rate is low 1.79%, I'm getting 3% on my savings, asking myself if I should o/p or save.

    Glancing through my diary, came across this post from 1 year ago (nearly) :) So 1 Year on, it should read,

    7 Years and counting . . . . . but instead reads . . . . .

    5 Years, 5 months . . . . and counting :j :dance::dance::dance::dance::dance:
    Always have 00.00 at the end of your mortgage and one day it will all be 0's :dance:
    MF[STRIKE] March 2030[/STRIKE] Yes that does say 2030 :eek: Mortgage Free 21.12.18 _party_
    Now a Part Timer from 27.10.19
  • EatingTheElephant
    EatingTheElephant Posts: 1,373 Forumite
    Fantastic progress :T :T
  • A_Frayed_Knot
    A_Frayed_Knot Posts: 3,308 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    Thank You.

    That's 19 months extra off my mortgage in the last year :eek::eek: How on earth, did I manage that ?

    According to "What's the cost" if I keep o/p same and interest rate stays the same, which is not going to happen, I could (Dream On) be mortgage free by December 2019.

    A girl can dream . . . . . . . . . :whistle:
    Always have 00.00 at the end of your mortgage and one day it will all be 0's :dance:
    MF[STRIKE] March 2030[/STRIKE] Yes that does say 2030 :eek: Mortgage Free 21.12.18 _party_
    Now a Part Timer from 27.10.19
  • bexster1975
    bexster1975 Posts: 1,576 Forumite
    Part of the Furniture 1,000 Posts Photogenic Bake Off Boss!
    Sounds like a challenge to me AFK! Great progress. Imagine being three years and 4 months off MF! :beer:

    Bexster :)
  • Moneyfordreams
    Moneyfordreams Posts: 2,442 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    Definitely a challenge :D
    Mortgage restart June 2018 £119950Re mortgage August 19 £110470, … Mortgage November 22 £85600 final 0% CC 3300Home renovations - £65000, mid 2018 - mid 2022
  • giblet1979
    giblet1979 Posts: 864 Forumite
    Eighth Anniversary Combo Breaker
    How exciting AFK - I'm sure you're up to the challenge :) x
    Debt remaining: :(
    Mortgage - £117,759 (£134,600, Nov 2013)

    Work overpayment and home improvement loan paid back (£19200) :beer:
  • mrsp1987
    mrsp1987 Posts: 815 Forumite
    Fourth Anniversary 500 Posts Wedding Day Wonder Cashback Cashier
    A_Frayed_Knot wrote: »
    Thank You.

    That's 19 months extra off my mortgage in the last year :eek::eek: How on earth, did I manage that ?

    According to "What's the cost" if I keep o/p same and interest rate stays the same, which is not going to happen, I could (Dream On) be mortgage free by December 2019.

    A girl can dream . . . . . . . . . :whistle:

    I don't know...I don't see interest rates rising anytime soon. Certainly not before we officially Brexit. I reckon they might even go down to 0% (which will totally !!!!!! us all over if we have savings). So, I think it's entirely feasible that December 2019 could happen :T
    Save
  • A_Frayed_Knot
    A_Frayed_Knot Posts: 3,308 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    bexster1975 wrote: »
    Sounds like a challenge to me AFK! Great progress. Imagine being three years and 4 months off MF! :beer:
    Bexster :)


    I like challenges :D unfortunately my mind goes faster than my o/p's :rotfl:
    However keeping to my dream date of 29.2.2020 - 8 years to the day my mortgage started (for now ;))
    Always have 00.00 at the end of your mortgage and one day it will all be 0's :dance:
    MF[STRIKE] March 2030[/STRIKE] Yes that does say 2030 :eek: Mortgage Free 21.12.18 _party_
    Now a Part Timer from 27.10.19
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