The Mortgage Free in Three - Take 4 challenge (MFiT-T4)

Maximum_Saving

Hello. I have updated the form to £9833.53. I have paid my direct debits this month and still have my overpayments to do. I feel delighted that my mortgage is now less than 10000. I am planning to pay off my mortgage in May 2017. It is challenging for me. I very much wish to stay on target.

SusanneCape

Maximum_Saving wrote: »

Hello. I have updated the form to £9833.53. I have paid my direct debits this month and still have my overpayments to do. I feel delighted that my mortgage is now less than 10000. I am planning to pay off my mortgage in May 2017. It is challenging for me. I very much wish to stay on target.

You'll do it and inspire us all. And if it takes an extra month or 2, so what!

Maximum_Saving

Hello. Yes, it helps to have an end date in mind. In November I managed to do a £2000 overpayment for my mortgage. I am glad I am being inspiring to you and others.

pavlovs_dog

I've just submitted my update and thought I'd bump the thread as it had fallen several pages down the list.

Suffolk_lass

trix-a-belle wrote: »

Some updates coming through ready for chart 3, looking forward to some more.

Please submit your figures using The MFiT-T4 form
Thank you

Hi Trix, I think you mean chart 4 - chart 3 is in your post 380 in the thread, just not repeated in the link in post 5.

My update is in

SL

trix-a-belle

Suffolk_lass wrote: »

Hi Trix, I think you mean chart 4 - chart 3 is in your post 380 in the thread, just not repeated in the link in post 5.

My update is in

SL

Yes I did cheers SL, head not terribly screwed on at the moment. The updates are looking fab!!

Twiggy_34

Just submitted my first update of the challenge (infrequent statements from our mortgage provider means I will probably only be able to update 6 monthly). Some way off target at the moment, but that's because we only just started being able to make over-payments. £10k to go to achieve our goal and, even if we don't quite make it, any extra paid is always a bonus and this board definitely helps with that motivation!

SuperSecretSquirrel

#47 - Update 4, one year down, two to go...

[FONT="Courier New"]               CURRENT       +/-QTR        +/-YOY
Mortgage   [COLOR=DarkRed]-£23,415.37[/COLOR]   +£3,641.88   +£12,168.54
Tax           [COLOR=DarkRed]-£390.02[/COLOR]     +£100.81       -£60.34
Cash       [COLOR=Blue]+£43,925.65[/COLOR]   -£2,161.65      -£191.68
S&S        [COLOR=Blue]+£14,143.87[/COLOR]   +£2,312.07    +£7,614.53
MN+        [B][COLOR=Green]+£34,264.13[/COLOR]   +£3,893.11   +£19,531.05[/B][/FONT]

We are a little ahead of schedule right now, which is great in itself, but this year will see OH on maternity leave right the way through - it's going to be a lot tougher this year!

Well done all :T

A_Frayed_Knot

Sent in my update, Mortgage balance now £23,000.00 - so getting there, slowly but surely.

Have 2 targets in mind :eek: either Dec 2019 or original date when I started this journey of 29.2.20 (leap year and 8 years to the day I took out my mortgage - still like this one best, but who knows . . . . .)

Plod on

tattycath

I have updated but I'm way behind target.
We have 2 sub accounts and the interest seems way more on these accounts than the main account but they are all on same rate.