2020 Mortgage-Free Wannabes

fruitloop04

#52 checking in! Another £15.65 OP'd

Total for Jan: £906.48

Happy with that!

Thanks Julicorn!

MortgageFree2030

#85 here

Overpayment for January totals £1000

We put any small additional amounts in that we received during the month (top cashback, surplus mileage expenses from work, train delay repay, refund from switching energy contracts), then we put any surplus from underspending related to our budget and rounded it up to reach £1000. Pretty chuffed as we had only planned to overpay £225 this month

Lomcevak

#8 in with an OP of £2,010.36 for February, total £4,020.72 for the year so far.

It's not quite the end, but it's the beginning of the end. For years I've had a constant monthly payment going out to the mortgage - when I started, roughly two thirds of that was the required monthly payment and a third was overpayment, but over time as the mortgage has dropped the overpayment has gone up to keep things balanced, so now about 90% is overpayment. It's been going on for so long that the monthly total just feels like the normal payment.

With four months to go before the early redemption period expires, the February overpayment has pushed the mortgage under £2k and it's time to stop. March will see a much smaller overpayment, then it's just the regular payment for three months until a final OP of around £100 clears it. So although i'm not quite MF yet, I start to see the benefits from next month

And if I hadn't started overpaying, I'd still have a £125k mortgage with 12 years to run...!

jackieblack

#4 - first OP for Feb of £50

Thanks julicorn :T

Hettyhound

Number 90 back again! I made a final January payment yesterday of £42.91 to round the mortgage to a nice number. January total overpayment of £192.91 . I’ll be back soon with February!

Thanks as always Julicorn

ajmoney

No 70 reporting an OP of £689.72 for February. Please could I change my target to £8370 as I am going to try and get rid of my smaller mortgage this year? :j Thanks julicorn

julicorn

MFW2020 wrote: »

Hi

I'd like to join please, new to MFW and our target is 6,000 please.

Many thanks, exciting!

Welcome to the challenge! You're #122

ElmoR

No. 45 reporting in with my January OP amount of £1563. One month down, 11 to go!!



Thank you julicorn



ElmoR x

MFW2020

No 122 here.

Checking in with my first ever overpayment!

£539 (Jan 2020)

Against a history of bad debt, an IVA and negative equity it feels AMAZING!

Thank you so much for the inspiration

yogavibes

#69 Feb overpayment made today £950

thanks Julicorn