The Mortgage Free in Three - Take 6 challenge (MFiT-T6)

Filo25

Thanks for doing this Julicorn, my first attempt at one of these but at least I am now at a stage in my mortgage journey where I can start throwing some overpayments at it, and as these 3 years are all on a fixed rate I also don't have any uncertainty on that side of things, it is just going to be a matter of whether I can continue to make my budgeted overpayments 

julicorn

Thank you all so much for joining! Here are the latest numbers:

@powerspowers 9
@smetf 10
@nonny02 11
@newgirly 12
@shangaijimmy 13

powerspowers

Thanks Julicorn! I’m excited for a longer term challenge 😃

northwalesd

I think I've filled in the form, been overpaying the mortgage for most of 2021 and really would like to see the back of it. At the moment it has 8 years and 7 months to run. Using the banks overpayment calculator, if I keep overpaying at the current rate, then it should be possible to pay off 4 years early.

newgirly

Thanks so much juliecorn and a happy new year! 

eat_that_frog

Hi @julicorn thanks so much for taking this on. I've filled out the form. I'd like to join this please because I've been overpaying for 18 months now and I've been bitten by the bug, so I am confident I can keep it going for 3 years (financial circumstances allowing, touches wood furiously!)

I'm looking to reduce my mortgage from current £199,000 down to £70,000 by the end of the challenge in Jan 2025. It's a very ambitious target but I'm looking forward to a longer-term challenge.

mummytummy

I’ve only just seen this  please count me in again.  My old number was 23 but I’ll happily take what I’m given  I’ve filled out the form, my only criticism is having to have a google account, so I’ve borrowed my sisters 😂 but thank you for continuing on the challenge julicorn 

julicorn

mummytummy said:

I’ve only just seen this  please count me in again.  My old number was 23 but I’ll happily take what I’m given  I’ve filled out the form, my only criticism is having to have a google account, so I’ve borrowed my sisters 😂 but thank you for continuing on the challenge julicorn 

Hi @mummytummy, you don't actually need to be signed in to a Google account to fill in the form Just simply don't click on 'sign in' and enter your answers as normal. I think it gives you the option to sign in in case you want to save your answers on your end, but it's not necessary at all. 

julicorn

Latest set of numbers

@Bounty123 14
@northwalesd 15
@eat_that_frog 16
@mummytummy 17

CathT

Hi Juliecorn, thank you so much for running the next challenge. I've sent in my update and requested my existing number 44 please if that's okay.

Our complete mortgage end date is hopefully going to be December 2027 (or earlier if possible) so this challenge should see us almost there.