Progress not Perfection

foxgloves

That is not a lot of mortgage left, @Sun_Addict. It's that time where you can almost feel the end in sight. It makes such a difference when it's gone that your overpayments will feel well worth it.
F

Sun_Addict

foxgloves said:

That is not a lot of mortgage left, @Sun_Addict. It's that time where you can almost feel the end in sight. It makes such a difference when it's gone that your overpayments will feel well worth it.
F

We've had a mortgage since 1985 so it seems a very long journey. However we started very young and started back at 25 years when we moved to this house then re-mortgaged a few years ago to have some major buildings works done. The main aim was to be mortgage free before I retired which will be achieved thanks to the overpayments. 

Sun_Addict

Happy Tuesday 😁

WFH today.

Mr M delivery came just after 6am so that was done and dusted before it was time to log on.

I've been fiddling with the WiFi extender and managed to hook my work laptop up to it after it wouldn't do it yesterday. You can really tell the difference in speed. I was panicking a bit as I'm interviewing over the next 2 weeks, some of which I'll be doing from home and I was concerned the signal might drop out. The first interview is at 4pm today, I'm doing 12 in total. We have a massive recruitment campaign at the moment so it's all hands on deck going through applications and interviewing. 

I've opened up a new Princip@lity regular saver so sent £250 to that this morning. 

Today's exercise is dog walking (already done), bums & tums at lunchtime and resistance bands tonight. 

I'm making a batch of veggie chilli later, one for tonight's dinner with jacket potato and salad and the other portions will go in the freezer. 

EssexHebridean

Good work getting the wifi thing sorted - and just in time by the sound of it, that's a lot of interviewing! 

Very exciting to be so close to the end of the mortgage as well - have you worked out how much you have saved by OP'ing? 

Makingabobor2

It is great getting near the end of a mortgage isn't it?  We didn't buy our first house until 1997, as DH is not my first husband. Then we were in stupid spendy era and re-mortgaged when we had double glazing fitted and then again when we moved house in 2007. Then the payments seemed too much for us, so we ended up adding 3 more years to the term. Which meant it wouldn't be finished till I was almost 69!    The fact that I ended up actually retiring 2 years before my state pension was due, didn't help and i just relied on private pension for a while.  At least DH being younger than me is still working.   So I am so pleased that we have been able to OP a little bit over the last 2yrs or so and will finally be finished well before I am even 68.   Then we can blitz the other debts and concentrate on helping DH to retire before he is too old. 

RelievedSheff

How exciting to be so close to being mortgage free.

We have about 19 months left on this mortgage deal and then hopefully our next remortgage will be our last. The aim is to repay within the next 5 year fix. Should see the mortgage paid off when I'm 46 and the other half is 55, if all goes to plan of course!

badmemory

Unless you are dripping in money, which I certainly have never been, there is nothing quite like paying your mortgage off.  I paid mine off & the next year I bought the freehold.  The difference it made to those threats of redundacies that were rife in the industry I was in (earlier than most others) before & the next lot that were the 2008 ones were incredible in the way I felt.  Believe it or not the 2nd ones when I was over 60 felt like an opportunity & the ones before a disaster.

What I was wondering though is if you are actually going to tell Mr SA you have retired or are you going to retire to your office a few days a week & disappear out of the house for another couple.

Makingabobor2

badmemory said:

Unless you are dripping in money, which I certainly have never been, there is nothing quite like paying your mortgage off.  I paid mine off & the next year I bought the freehold.  The difference it made to those threats of redundacies that were rife in the industry I was in (earlier than most others) before & the next lot that were the 2008 ones were incredible in the way I felt.  Believe it or not the 2nd ones when I was over 60 felt like an opportunity & the ones before a disaster.

What I was wondering though is if you are actually going to tell Mr SA you have retired or are you going to retire to your office a few days a week & disappear out of the house for another couple.

OOh, now that sounds like a plan....

Sun_Addict

Can you believe this afternoon's interview was cancelled! Oh well two more tomorrow. 

@EssexHebridean we were originally overpaying the additional borrowing we took on for the new kitchen/bathroom/central heating system and shaved around a year off it then moved that overpayment to the mortgage. We've not been overpaying that long and are tied to only being able to overpay £1500 a year due to the terms of the fixed rate. The original date for the last repayment was April 2027 and it will be finished at the end of 2025 so shaved off just over a year. Fortunately our mortgage is only £200 a month so it's easy to throw an extra £100 at it. It will be great to have a year or so of still earning but not paying a mortgage.

@badmemory that's a very tempting thought 😆 but he's been warned when I retire I will be doing things without him in tow whether he likes it or not. 

ladyholly

There is nothing better than that final mortgage payment. We were very lucky in that we could pay ours off after my mother died. I miss her every day but bless that she was very money savvy. Its a shame I wasnt or we would be much better off than we are.