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!!My time to be mortgage free!!

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Comments

  • happymum37
    happymum37 Posts: 340 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    All done.

    Totally wierd feeling.  The man the phone when I rang to ask how I paid it all up said "congratulations" and I nearly started dancing.

    My that hasn't been the most exciting so thank you to everyone who has offered advice and moral support, in particular savingholmes 

    Xxx
    Part time worker.
     Plug that SAHM pension gap & Retire in style in 12-15 years. .. maybe
  • Qtipps44
    Qtipps44 Posts: 88 Forumite
    Fourth Anniversary 10 Posts Mortgage-free Glee!
    Well done. I’m almost in same position. Mortgage neutral since Feb. Given our position I’m not quite so brave but well done using your savings. I’m aiming for jan 2024 when I’m 45. What’s your plan now?
  • beanielou
    beanielou Posts: 95,883 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Good news  :)
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.

    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • savingholmes
    savingholmes Posts: 29,017 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Fantastic news - so pleased for you. Never doubted you.
    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 29/7/25
  • happymum37
    happymum37 Posts: 340 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    Qtipps44 said:
    Well done. I’m almost in same position. Mortgage neutral since Feb. Given our position I’m not quite so brave but well done using your savings. I’m aiming for jan 2024 when I’m 45. What’s your plan now?
    We will get our savings up to about 20k and over pay the pension big style x
    Part time worker.
     Plug that SAHM pension gap & Retire in style in 12-15 years. .. maybe
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