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Mortgage free advice please

edited 30 November -1 at 1:00AM in Mortgage-Free Wannabe
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KL03KL03 Forumite
2 posts
edited 30 November -1 at 1:00AM in Mortgage-Free Wannabe
Hi all

I'm new to this so I apologise if something similar has been asked.

We have 8 years and 10 months left but I ideally want our mortgage paid off in 5 years. We owe £94,100, we currently pay £961 a month. Is it possible to get our mortgage paid off 3 years 10 months earlier?

Thank you

Replies

  • edited 25 October 2018 at 7:40PM
    A_Frayed_KnotA_Frayed_Knot Forumite
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    edited 25 October 2018 at 7:40PM
    All depends on your income and expenditure. Can you afford to overpay your mortgage?

    Would need to post some figures and stats, to see if achievable.

    Mortgage interest rate - 1.75% ??


    If you overpaid by £679 a month - it is do-able. Rough figures as do not know your interest rate and outgoings along with income.
    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
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