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99 weeks to go...
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Thanks A Frayed Knot. Knocked the stuffing out is a good metaphor. Sorry to hear that you've been in the same position.
The last year has been awful. What happened to dad just made us even more sure that if anything happened to either of us we would want the other to have some insurance and the house paid off. When dad died, there was still a small mortgage on his house, which now falls to my mum, it's all a bit of a mess really. That just brought home the need to be financially secure even more.
I think the December 2019 is a typo on my part. The actual end date is Dec 2018 and we will certainly be in a position to pay it off then, however To avoid overpayment penalties, we may have to make a small extra payment in Jan 2019.
Sorry, not sure I've explained myself very well. We will have all the money in Dec 2018, even if we can't completely pay off then.Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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Sorry to hear about your dad.
Good news on the end being in sight.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 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. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
So sorry to hear about your dad xFirst home- Oct’16 until June’21: £170.995- Overpayments made £13,784 (25% extra!).
New forever home- Sep’21 £309,449 @ 2.05%. Plan to clear it before 30 years!!!!!!0 -
Did the sums again today. Just over £7k to go. Hoorah!Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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7 months to go is just fab.I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 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. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
Thanks beanielou. Last payment will be December due to restrictions in mortgage, but will have the money in the bank to finish a little before. We'll probably be flying in on vapours though, as we have a ball on payment due on my car at the same time as the final big payment.
It'll be all toast in January though... not champagne but bread, that's all we'll be able to afford until AMIPO (after mortgage is paid off) fully takes off in February.Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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The milestones are coming thick and fast now. This month the mortgage interest dropped below £1 per day.Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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vivatifosi wrote: »The milestones are coming thick and fast now. This month the mortgage interest dropped below £1 per day.
THats good news
I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 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. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0 -
A few more milestones have passed. Mortgage now down to £3500 (plus the savings, which are in the bank as we've maxed out overpayments).
Today is100 workdays to payoff. So every day we go to work, it's one percent off the mortgage. Nice feeling!
Hope everyone else's mortgage free dreams are progressing to plan.Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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Wonderful!! I am sure you can see the reflection of the light at the tunnel.
Hope to be in this position soon0
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