Almost there.

Diesel_man · 8 July 2016 at 5:13PM

Been a reader for a while thought I'd join and throw my bit in.

Started paying off the mortgage by reducing the term by about two years or 18 months etc.

The best deal was 4 years ago when I came out of deals the mortgage was low and no penalty for over payments, This is when I decided I'd throw any spare cash at the mortgage and reduced my pension to help out & im glad I did.

The original debt was 78k first house and probably only one I'm happy here, now the end is near checked today it's 5k remaining plus any interest owed. So with this in mind Christmas this year was to be the last payment it still might be I'm hoping but it's a great feeling seeing that big wall of debt coming down and small differences play a big part.

To those reading thinking it's going to take ages small constant steps really does help and staying in that extra weekend & been that bit tight occasionally helps.

A_Frayed_Knot · 8 July 2016 at 6:33PM

You don't say how old you are, or how long it took you, whether once MF - retiring? or keep going on working.

How you got to this stage. However,

Well done, and Christmas target - nice way to finish the year and start a new one.

hildosaver · 8 July 2016 at 6:41PM

Well done! Fantastic!

Diesel_man · 8 July 2016 at 7:28PM

I'm 45 & it's took 19 years so far this been the 19th year & trying to keep it there.

Be working I hope another ten years at least & would like to retire early.

A_Frayed_Knot · 8 July 2016 at 8:36PM

Well once mortgage is paid off - you can concentrate on your early retirement

Your figures - age now your nearly MF have really brought it home to me what I actually done, if anyone was to tell me they were taking on a mortgage at 52 - I'd be thinking - WT? are you thinking :eek: However I'm pleased as punch with the way my mortgage is going :T Did I really do that :shocked::think::doh::shocked: