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1st Overpayment
lebowski1980
Posts: 100 Forumite
Hi everyone
So I'm happy to say that yesterday i made my first overpayment of £100 towards my mortgage :j My goal is to reduce my 28 year mortgage to 11 (in time for my 50th birthday) so it's a bit target to try to hit but I'm committed.
The payment is a fraction in the big scheme of things but every little bit helps.
My mortgage is with Barclays and when i logged in today to check the balance, i noticed that the overpayment logged was about £81. I assume the daily interest has been deducted from this payment but it's still nice to see a credit
I dont really have the time to maintain a diary but just wanted to say a massive thank you to everyone who does write as it has inspired me in my journey. Keep writing and I'll keep reading
So I'm happy to say that yesterday i made my first overpayment of £100 towards my mortgage :j My goal is to reduce my 28 year mortgage to 11 (in time for my 50th birthday) so it's a bit target to try to hit but I'm committed.
The payment is a fraction in the big scheme of things but every little bit helps.
My mortgage is with Barclays and when i logged in today to check the balance, i noticed that the overpayment logged was about £81. I assume the daily interest has been deducted from this payment but it's still nice to see a credit
I dont really have the time to maintain a diary but just wanted to say a massive thank you to everyone who does write as it has inspired me in my journey. Keep writing and I'll keep reading
0
Comments
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Congratulations on your first overpayment. A little bit really does make a difference.Mortgage start date Dec 2015 - $64,655.00
Mortgage end date Dec 2045 - NOT!!!!
Mortgage balance - $4600.00
Business Savings $43,310/100k
Hope to be mortgage-free by end of 20230 -
Congrats! I'm hoping to make my 2nd over-payment next month. I tend to save up and then make a 1 off payment each year or at least that's the plan, started last year with a relatively small OP.
Kev0
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