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

ang4k

Managed to hit target. Final update from me is £35805.27. Thank you for updating and helping me get rid of this mortgage by the time I retire in 4.7 years! Will still be a bit of a slog but all good
Ang4k no 11

shangaijimmy

Final chart update submitted. Very pleased to report to report that we reduced our balance by £39,413. Missed our target by £1,587 but seeing as we had another child and a year of maternity i can more than live with that!!

3 years has flown by, and I'm so excited about where we can/will be in another 3 years. Roll on MFiT-T5.

Thank you for running this for us all.

Karona

Final total £25139 so slightly short of target £139 but I've still being paying debt down and had house repairs to do so I'm happy with progress :j
Please can i join the next round to push to clear it off

icklehelen

#3 just submitted my final numbers for this challenge.

I am so happy that we have been able to throw so much more at the mortgage than we expected. We hoped to get to around £40000 by the end but instead our mortgage now stands at £27300.

We are now hoping to pay it off during the MFiT-T5 challenge. I'm still holding out for doing it before I turn 40 in 2020 but that will mean finding another £150pcm from our already stretched and frugal budget. I've found a few items to sell and have a few other thoughts to help us along.

Looking forward to see how everyone else has done on Chart 12 and hopefully see lots of you over on T5 :wave:

Thanks again Trix

ickle

mummytummy

#62 just submitted my last update for this challenge, unfortunately no more added since update no.11 Had a lot of unexpected costs in the last 3 months and had to “borrow” out of savings but somehow have managed to at least not end on a defecit

Let’s see if I can reach my target in the next challenge, resetting the button to $0 :rotfl:

trix-a-belle

If you want to join T5 please make sure you've popped a joining form through from the link over on that thread.
I'll do the final chart for T4 over the weekend hopefully

SuperSecretSquirrel

Final update for #47 - £62,301.47, we made it in the end

Thanks trix-a-belle, and well done everyone!

See you over on the T5 thread

taka

#30 here... My challenge was to reduce my mortgage from £24,278 to £12,000. Well my final balance yesterday was... £9864.98! That is way more than I thought I could manage, considering I started the challenge with a couple of months of being unemployed! :j I'm now just over £20k ahead on my mortgage. What is even better is my mortgage now costs me less than my council tax! :rotfl: I've just being OPing small amounts (usually <£20/month for the last year or so) but even with just doing these the last twice my mortgage interest rate went up my payment dropped a little! :beer:

Well done everyone and thanks to trix-a-belle for running this!

trix-a-belle

Got there eventually

Chart 12

Over the course of the 3 years we collectively overpaid more than £2million
12 challengers became mortgage free & some of them took on another one afterwards because they love it just so much
Chutney86 most exceeded their target over the duration at 228%, just pipping LorryDriver1988 to the post who made an astonishing 220% but there were plenty who exceeded their targets. Great efforts everyone!

Suffolk_lass

Well done everyone - there are some Fab figures in there and some oh-so-close achievements - just brilliant for everyone as it reduces the amount you pay, and either starts the magic snowball or reduces the term of your mortgage. Thanks Trix, I know you have been really busy