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New MFW saying hi...
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Squiggly_Diddly
Posts: 1,049 Forumite
Been on other threads on the forums for a while, but as I completed on my house yesterday, I am now joining the MFW brigade!! Am hoping my mortgage account details will be added to my online banking so I can see the effect of overpayments, but not sure if that happens or not?
But regardless.... the more I can do to pay it off faster, the better! :money:
But regardless.... the more I can do to pay it off faster, the better! :money:
Live your life until love is found, or love's gonna get you down" (credit to Mika!)
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Hi
I've just had to take out a mortgage too - but i don't complete on my place until december - i think!
i plan to scrimp, save and overpay too so will be glad of any help you can give me when it happens in december........although i've already started really!:rolleyes:
good luck with it all anyway, and hope you'll be very happy in your new home!:D
best wishes, p-o
2010 MFW Challenge No. 112 Mortgage paid in full 27/08/10 I was MF!!!
But now I'm not - (Joint) Mortgage £104704.New MFW target £5000 overpayments by 31/12/2105 £400/£5000 = 8%SAVINGS TARGET - £25000 by 31/12/2015 £13643/£25000 = 55%No 17 Lewis Lane0 -
Best of luck with the overpayments.
Try one of the calculators to see the effect!0 -
Good Luck.....:j:j:j:j0
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ditto
:j MFi3 wannabee :j
mortgage owing 04.07 £36,000
mortgage owing 07.10 £0 !!!!
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Thank you, yes, the calculators are great aren't they!! I just wish I could see the mortgage details online so I could see the effect showing on there straightaway... But that's just a little thing :-)Live your life until love is found, or love's gonna get you down" (credit to Mika!)0
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Well, set up the internet banking details and made my first overpayment of £40 - starting as I mean to go on!! (and it's only the first month... I'm not keen, lol!!)
Loving the calculators - especially when I can see a report showing the total going down month by month :-)Live your life until love is found, or love's gonna get you down" (credit to Mika!)0 -
How much did that £40 take off?
If you go to www.whatsthecost.co.uk then you can create a snowball which will show your debt free date for all of your debts. You then update it monthly and can see your date becoming ever closer!Debt: 16/04/2007:TOTAL DEBT [strike]£92727.75[/strike] £49395.47:eek: :eek: :eek: £43332.28 repaid 100.77% of £43000 target.MFiT T2: Debt [STRIKE]£52856.59[/STRIKE] £6316.14 £46540.45 repaid 101.17% of £46000 target.2013 Target: completely clear my [STRIKE]£6316.14[/STRIKE] £0 mortgage debt. £6316.14 100% repaid.0 -
Don't forget to compare your mortgages rates against the best paying ISA's. You may find it better to invest in an ISA than overpay.In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0
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Best of luck! - the ability to look at the balance online does really help if your account can do this... :beer:0
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Good Luck! :j
(We might join the MFW ourselves when this pesky CC debt is gone.)HOUSE MOVE FUND £16,000/ £19,000
DECLUTTERING 2015 439 ITEMS
“Don’t let your happiness depend on something you may lose.”0
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