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New life, same goal! Pursey’s quest to be mortgage free.
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That’s a very satisfying overpayment!2
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So since I last posted I have made a couple of other overpayments. My first mortgage is currently at £225999 and the other is lower down the 72nd thousand, but I’m not exactly sure what the exact amount is
Next stop is to get our first mortgage under £220000 and the second under £70000. 1 -
Mortgage 2 now at £224999 I have to try and not get too over excited about paying, as we want to do other things! 1
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Mortgage 2 is at £222999.99 now. Feels so far away and that there’s never much change, but of course it’s loads of money that we are paying off. Slowly but surely…. Just need to recognise each small step.1
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Just checked the other mortgage and it’s now at £72285.93
Total mortgage debt is now: £295285.922 -
and just think about the interest you are saving too. Stay focused!!Mortgage balance as of 21.7.21 - £75,766. (7 yr mortgage on 2 yr fix of 1.32%)Mortgage balance as of 20.8.22 - £58,445.08o/p 2021/2022 = £6,313/£7,500o/p so far 2022/2023 = £5,997/£5,997 Goal 1 - to be under 60k by 20.7.22✔️Goal 2 - to op 10% of mortg by 31.12.22✔️Goal 3 - to pay off mortgage by 7.1.2023 (Subject to sale of btl property)✔️Goal 4 - to pay off cc by end of Jan 2023 - £260.64/£1500Goal 5 - to pay off car loan by 31.8.23 - £1722.39/£10,0003
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Wow amazing work! All that interest saved will be immense as well, fab!2
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Thank you both, it is great to have the encouragement, as it just seems like an endless task.2
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Paid some more off the bigger mortgage yesterday, so it now stands at £220999.991
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So we are now lower than £220000 after today, so that’s the first target. Need to get the other below £70 now. Next target is 210000 1
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