Katkatmachine’s Adventures to Mortgage Freedom and Life Updates
I’m a new MFW, we completed last 20th November 2020 on our new build forever home. Just to share, our 2nd (and last) mortgage extension was supposed to end 21st November but we managed to complete just in the nick of time. Hehehe.
23 year term
Our goal is to pay our HTB within 5 years. We are not making any overpayments yet as we want to focus on our HTB first. Im thinking it’s best to settle it first then after that we could make overpayments or probably refinance/remortgage to a lower term with higher payments. Does that make sense? Is our plan logical? I would like to seek advice if this is the best way to go or maybe there are better/other ways to go about this mortgage and HTB thing. I would appreciate any advice/inputs.
Anyhow, we are so happy that we are now homeowners. We really saved and worked hard for this and finally we have a place to call our own.
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