Almost there.

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. :D

Replies

  • A_Frayed_KnotA_Frayed_Knot Forumite
    3.2K Posts
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
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    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.
    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
  • hildosaverhildosaver Forumite
    327 Posts
    Ninth Anniversary 100 Posts Combo Breaker
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    Well done! Fantastic!
    I am insane and have 4 mortgages - total mortgage debt £233k. Target to zero = 10 years! (2030)
  • 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_KnotA_Frayed_Knot Forumite
    3.2K Posts
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
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    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:
    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
  • beanieloubeanielou Forumite
    77.8K Posts
    Part of the Furniture 10,000 Posts Mortgage-free Glee! Name Dropper
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    All sounding good :)
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~**
    MFW. Finally mortgage free February 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. ***Be the difference.***
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