We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
We wa t to be mortgage free
Options

Oggy1511
Posts: 16 Forumite
Our mission from now is to be mortgage free as soon as possible . We are in a fixed rate mortgage till sept 2017 and we are saving like mad at the moment to be mortgage free . We have 6 grand at the mo to pay off but the dilemma is do we keep it in our ISA till we renew our mortgage in sept 2017 or do we pay a lump off now . We are with nationwide and can pay 10% off our mortgage a month . We only have 67000 left on our mortgage . Any advice gladly recieved and also any other ways of making extra cash to help us be mortgage free gladly recieved .
Thanks
Eve
Thanks
Eve
0
Comments
-
if your over a 2.5% on your fixed rate pay it off the mortgage i would personally
Just remember the earlier you pay it of the sooner you start saving on the daily/monthly/yearly interest
what is your fix currently ? how long do you have left on the montage ?
very similar balance to me will follow with interest :]Mortgage--- [STRIKE]£67700 March 15[/STRIKE] [STRIKE]£65221 April 15[/STRIKE] [STRIKE]£64983 July 15[/STRIKE] [STRIKE]£64780 sept 15[/STRIKE] Remortgage [STRIKE]£67295 oct 15[/STRIKE] [STRIKE]£66599 Nov 15[/STRIKE] [STRIKE]£65878.73 Dec 15[/STRIKE][STRIKE] £64834 1st Jan 16[/STRIKE] [STRIKE]Feb 16 £64,511.89[/STRIKE][STRIKE] March 16 £64,056.40[/STRIKE] [STRIKE]April 16 £62550[/STRIKE] [STRIKE]May 16 £62,396.20[/STRIKE] Feb 17 £60.800
Emergency fund 23k0 -
We have about nine years left on our mortgage and our rate is 1.89 % . We so want to be mortgage free0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.8K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.8K Work, Benefits & Business
- 598.7K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards