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£140000 in seven years
Comments
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Things look like they are going well TH. The added bonus is that any sales can go towards your car.0
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Thank you Busy Mee1 . That is exactly my thinking too .0
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Have you squeezed the mortgage rate right down?
If low enough savings will pay more than the mortgage costs.
You could probably reduce interest by slow stoozing on purchase CC.0 -
HI just popping along to wish you good luck on your journey. I want to be mortgage free in 9 years but need to kick the CC first.Achieve FIRE/Mortgage Neutrality in 2030
1) MFW Nov 21 £202K now £172.5K Equity 36.11%
2) £1.6K Net savings after CCs 14/8/25
3) Mortgage neutral by 06/30 (AVC £25.6K + Lump Sums DB £4.6K + (25% of SIPP 1.2K) = 31.4/£127.5K target 24.6% 1/9/25
(If took bigger lump sum = 53.3K or 41.8%)
4) FI Age 60 income target £17.1/30K 57% (if mortgage and debts repaid - need more otherwise)
(If bigger lump sum £15.8/30K 52.67%)
5) SIPP £4.8K updated 29/7/250 -
Great idea with the decluttering, it all adds up!Mortgage free 16/06/2023! £132,500 cleared in 11 years, 3 months and 7 days
'Now is no time to think of what you do not have. Think of what you can do with what there is.' Ernest Hemingway0 -
Hope you are getting on okay try harder
01.05.2019 - Re-Mortgage - £142,000 :eek::eek::eek: Total overpaid to date: £15,584.33.
MFW #52 £9000/£120000
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