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2021 Mortgage-Free Wannabes
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After a rethink earlier this year we decided to downsize. Absolutely chuffed to say we got the keys to our new place on 11th June and have been able to clear the £44k remaining on the mortgage 🥳I’ve been on the MFW threads since 2017 after a lightbulb moment on here, it just hadn’t occurred to me that we could overpay and reduce the mortgage term. We’ve cleared this 11 years early but even without the downsizing we were on track to clear it 7 years early, we have often kicked ourselves for the years of OPing opportunities we missed. To anyone considering it, stop thinking about it and do it, the earlier in your mortgage term the better.Reading all your updates and seeing various members drop off the MFW threads as they cleared their mortgages early has been inspiring and kept me motivated along the way, a big thank you to all of you.
For the final time, number 33 reporting OP of £44k for June, YTD £45k.MFW 2021 No: 33 £45000/£45000 Mortgage free @ 11/6/21 🥳5 -
4/10/22One Year Mortgage Free Yay!
NSTurtle # 55 🐢 🐢 🐢 🐢 🐢 🐢🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢🐢🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 No Turtle gets left behind.[/b]
******PROUD MEMBER OF THE TOFU EATING COALITION OF CHAOS !!!******4 -
Hello everyone
#47 here reporting an OP of £840 for June.Thanks @julicorn for all the hard work!Initial mortgage bal £487.5k, current £258k, target £243,750(halfway!)
Mortgage start date first week of July 2019,
Mortgage term 23yrs(end of June 2042🙇🏽♀️),Target is to pay it off in 10years(by 2030🥳).MFW#10 (2022/23 mfw#34)(2021 mfw#47)(2020 mfw#136)
£12K in 2021 #54 (in 2020 #148)
MFiT-T6#27
To save £100K in 48months start 01/07/2020 Achieved 30/05/2023 👯♀️
Am a single mom of 4.Do not wait to buy a property, Buy a property and wait. 🤓1 -
#78 £15 of OP so far this month.
ThanksMortgageStart Nov 2012 £310,000
Oct 2022 £143,277.74
Reduction £166,722.26
OriginalEnd Sept 2034 / Current official end Apr 2032 (but I have a cunning plan...)
2022 MFW #78 £10200/£12000
MFiT-6 #28 £21,772 /£750001 -
And with that, we're above £500k - well done everyone!4
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julicorn said:And @f0xh0les, we're still £812.70 off, let's not celebrate too early
I wonder who will push us over the line.
- Seems it was up to Sistergold to do it.
Bodes well ...4/10/22One Year Mortgage Free Yay!
NSTurtle # 55 🐢 🐢 🐢 🐢 🐢 🐢🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢🐢🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 No Turtle gets left behind.[/b]
******PROUD MEMBER OF THE TOFU EATING COALITION OF CHAOS !!!******1 -
#124 with a 900 overpayment making total of 944.01 for June so far. Thanks!Mortgage free wannabe #124
Mortgage due to be cleared January 2036 / goal is 4/5/26 (40th birthday)
Starting balance £117000 November 2010
Balance as of 5/4/21(date decided I wanted to become mortgage free) £89426.62 / current balance £82000
Daily interest at January 2021 £4.76
Current daily interest £4.391 -
Hi, no.86 reporting a June overpayment of £1977.68.
Thanks JulicornFinally bought a homeStarting mortgage £289,500 31.01.19 - Current outstanding £192,586.98/CENTER]Overpayments since 27.03.19: £52,407.471 -
Hello, had few money issues recently, but OP £50 today
yay!!
# 126 with £50 OP for June,
Thanks Julicornx
"Don't underestimate the value of financial security"
Wanting to be mortgage free by 45. £155,000 start / £86,880 currently1
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