2019 Mortgage-Free Wannabes

Suffolk_lass

julicorn wrote: »

That's excellent, thank you for the update and for taking part again I've given you #87 for next year, hope that's ok :heart2:

Hi julicorn, have I missed the link to next year's thread? - a quick look on the board and I can't see it - I would like to keep my number (37) please

julicorn

Suffolk_lass wrote: »

Hi julicorn, have I missed the link to next year's thread? - a quick look on the board and I can't see it - I would like to keep my number (37) please

Right this way: https://forums.moneysavingexpert.com/discussion/6076175/2020-mortgage-free-wannabes

MrsMouse

Morning all . Thought I had missed my goal for this challenge, but when I got my letter from the mortgage company confirming the last payment, it also shows what the final payment is expected to be, and to pay that bit off would mean reducing the term by another month. So, I've decided to pull that in from a christmas fund I had (less going out this month then!). So £168 to be added to my total please julicorn, which should give a balance for this year of £1,122.33. Very happy with that, as it means I've reduced my mortgage term this year by 3 months


Happy Christmas everyone

Kieo

I have a dilemma, my partner had cancer and life insurance paid out, our mortgage is 99k and we got enough to pay it off shud I pay it off?? Stressing us out.

Suffolk_lass

Kieo wrote: »

I have a dilemma, my partner had cancer and life insurance paid out, our mortgage is 99k and we got enough to pay it off shud I pay it off?? Stressing us out.

You would be better asking this question under a separate thread in Essential Money (possibly a new one) - there are Independent Financial Advisers and experts in there (two tiers up from this thread).

I suggest you also give a little more background context so people can respond with answers that match your context (your age, whether you have dependent children, whether you work and would have the means to clear your mortgage another way if you were on your own, and what else you might do if you don't clear the mortgage - might all be helpful).

This thread is more about people's personal targets to overpay their mortgages, to reduce them, their term or clear them.

OhtobeMortgageFree

#107 - another £10 overpaid this morning, taking me to £30 for December so far...

Miss_Pinky

Hi Julicorn,


Number 15 reporting in for Dec. Managed a £500 payment this month and did hope to make another payment but the boiler needed a new part, one daughter failed her driving test which means continued lessons and to top it off..... my daughter has smashed my car. I am scared to make any extra payments just yet until I find out exactly what will happen with the insurance company. My excess is £800 so I know I will need to absorb that.


Not been a good week!

Hettyhound

It was mortgage pay day on Tuesday and I ended up with a number of 58,454.25; well I couldn’t have that! I made an overpayment of £2.25 to make it a lovely round number, therefore my overpayment for December are now £27.25.

teameffort

Happy weekend and Merry Christmas all

#49 Last overpayment of the year for £720.00 please, and means we've surpassed our target!

Thank you Julicorn for running the thread and starting the 2020 already, much appreciated :T:T:T

See you in the new year as we plan to ramp up the payments

Teameffort

Mortgage_Minimiser

#59 reporting in. Last payment of the year, £700.

Absolutely over the moon with what I have achieved this year, especially becoming a single mum to my gorgeous girl and doing all this myself.

On to 2020 and a £13,0000 target!

Have a lovely Christmas and New Year everyone - see you on the other side!

MM
xx