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The Case of the Overwhelming Mortgage

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Comments

  • edinburgher
    edinburgher Posts: 14,749
    Part of the Furniture 10,000 Posts Name Dropper
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    https://forums.moneysavingexpert.com/discussion/comment/82026216#Comment_82026216

    My legs are still aching after an accidental 7 miles yesterday. 6.5 became 6.6 became 7 because round numbers 😉

  • AgathaSquirrel
    AgathaSquirrel Posts: 438
    Fifth Anniversary 100 Posts Photogenic Name Dropper
    Forumite

    I understand 😂

    2017 - mortgage of £140,000 and interest rate of £10 a day
    Feb 2021 £103000
    November 2021 £93000
    December 2022 £79000
    December 2023 £73000
    March 2024 £70000
    May 2024 £68000
    October 2024 £65000
    February 2025 £63000
    March 2025 £45000, interest of £6.07 per day
    November 2025 £41000, interest of £5.62 per day
    March 2026 £38000, interest of £5.22 per day
    July 2026 mortgage of £34,000 and interest of £4.97 per day
  • South_coast
    South_coast Posts: 6,717
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Forumite

    This is why I don't take any tech when I go for a run 😅

    Mortgage start: £65,495 (March 2016)
    Cleared 🧚‍♀️🧚‍♀️🧚‍♀️!!! In 5 years, 1 month and 29 days
    Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed

    Finally earning interest instead of paying it!!!
  • AgathaSquirrel
    AgathaSquirrel Posts: 438
    Fifth Anniversary 100 Posts Photogenic Name Dropper
    Forumite

    Ooh but if there is no data how do you know it happened?

    2017 - mortgage of £140,000 and interest rate of £10 a day
    Feb 2021 £103000
    November 2021 £93000
    December 2022 £79000
    December 2023 £73000
    March 2024 £70000
    May 2024 £68000
    October 2024 £65000
    February 2025 £63000
    March 2025 £45000, interest of £6.07 per day
    November 2025 £41000, interest of £5.62 per day
    March 2026 £38000, interest of £5.22 per day
    July 2026 mortgage of £34,000 and interest of £4.97 per day
  • South_coast
    South_coast Posts: 6,717
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Forumite

    The jelly legs and sweat are my proof 🤣!

    Mortgage start: £65,495 (March 2016)
    Cleared 🧚‍♀️🧚‍♀️🧚‍♀️!!! In 5 years, 1 month and 29 days
    Total amount repaid: £72,307.03. £1.10 repaid for every £1.00 borrowed

    Finally earning interest instead of paying it!!!
  • AgathaSquirrel
    AgathaSquirrel Posts: 438
    Fifth Anniversary 100 Posts Photogenic Name Dropper
    Forumite

    I need the data!

    2017 - mortgage of £140,000 and interest rate of £10 a day
    Feb 2021 £103000
    November 2021 £93000
    December 2022 £79000
    December 2023 £73000
    March 2024 £70000
    May 2024 £68000
    October 2024 £65000
    February 2025 £63000
    March 2025 £45000, interest of £6.07 per day
    November 2025 £41000, interest of £5.62 per day
    March 2026 £38000, interest of £5.22 per day
    July 2026 mortgage of £34,000 and interest of £4.97 per day
  • AgathaSquirrel
    AgathaSquirrel Posts: 438
    Fifth Anniversary 100 Posts Photogenic Name Dropper
    Forumite

    £350 paid off mortgage this morning. Will take us to £35000s. Again, this is where I like data. It doesn’t feel real until I see the money come off the mortgage.

    2017 - mortgage of £140,000 and interest rate of £10 a day
    Feb 2021 £103000
    November 2021 £93000
    December 2022 £79000
    December 2023 £73000
    March 2024 £70000
    May 2024 £68000
    October 2024 £65000
    February 2025 £63000
    March 2025 £45000, interest of £6.07 per day
    November 2025 £41000, interest of £5.62 per day
    March 2026 £38000, interest of £5.22 per day
    July 2026 mortgage of £34,000 and interest of £4.97 per day
  • SandyShores
    SandyShores Posts: 2,141
    Seventh Anniversary 1,000 Posts Photogenic Name Dropper
    Forumite

    Amazing, and your daily interest. I am way behind you and over £21 interest/day last month. Its great to see how far you have come - very encouraging.

    "Think of many things, do one"
    DFW 2019: MFW aim 2031: bal Sep26 £159k / £310k 2020
    Seven Goals; and healthy diet/walk/run/exercising/weights/yoga
  • AgathaSquirrel
    AgathaSquirrel Posts: 438
    Fifth Anniversary 100 Posts Photogenic Name Dropper
    Forumite

    I find checking the daily interest another encouraging method to track progress.

    2017 - mortgage of £140,000 and interest rate of £10 a day
    Feb 2021 £103000
    November 2021 £93000
    December 2022 £79000
    December 2023 £73000
    March 2024 £70000
    May 2024 £68000
    October 2024 £65000
    February 2025 £63000
    March 2025 £45000, interest of £6.07 per day
    November 2025 £41000, interest of £5.62 per day
    March 2026 £38000, interest of £5.22 per day
    July 2026 mortgage of £34,000 and interest of £4.97 per day
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