Here we go...

NineWhileNine

Hi All

Spurred on by the many posts on the subject I have decided to give this a go.

I have set a target of being mortgage free by the time I am 45 (I have just turned 39).

I wish I had done this sooner.

Dave

terrierlady

you have set the goal now good luck , it can be done, keep your sight set on the date , listen to the way the markets going, agree to put extra money aside when you can and im sure you will meet the date perhaps even reach it sooner.

setmefree2

Hi NWN,

I wish you luck:money: You will see that I have just set up a diary to be MFi5 too. We couldn't achieve MFi3 - but MFi5 is realistic. If we succeed we will save £142k in interest, Now that's worth having;). Do you know how much you will save?

Martinslovechild

Excellent News. First of all, get yourself a budget together (there's a free downloadable one at moneysavingexpert.com/budget).

Now - NineWhileNine - have you been waiting for a train?

NineWhileNine

Thanks for all the encouragement.

I have 10 years left so I am basically cutting that in half.

I should have had this paid off way back as it was 'only' a £20K mortgage when it was initially taken out in May 1990. Bad information and products are to blame there. I am man enough to admit I made some bad choices but I reckon my main fault back then was that I was naive to think that the advice I was given by 'those in the know' was right. I have since changed lenders twice.

I don't think I am going to save a great deal money wise, I think it will be around £3K? But there again my mortgage and remaining balance are no where near as high as some of the figures I have seen on here.

Martinslovechild wrote: »

Now - NineWhileNine - have you been waiting for a train?

Indeed I have

Dave

NineWhileNine

I cannot believe it is just over 4 years since I started this thread!

I am on target to reach my goal.

sweetdaisy

Congratulations NineWhileNine

Twiddy

Welcome back NWN, and congrats on still being on target 4 years on, fair play to you......

How long before we see you on here again - when you're due to make the big announcement?

All the best
T

NineWhileNine

I am still on course to do it :j

6 more months and that is it. With 4 months to spare

NineWhileNine

Well I rang my provider up last Thursday and asked what the redemption figure was.

I paid up.

I just couldn't wait until March :j

Wishing you all the very best in your own personal quests and have yourselves a great Christmas and New Year

cb4fwh

Congratulations!