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2025 Mortgage-Free Wannabes

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Comments

  • BridgetTheCat
    BridgetTheCat Posts: 145 Forumite
    100 Posts Photogenic Name Dropper
    #41
    savings interest earned bringing April’s total to 557.32. Year to date = 2197.79/5000
    thanks @julicorn
  • JohnTheSkier
    JohnTheSkier Posts: 60 Forumite
    Fifth Anniversary 10 Posts Name Dropper
    Hi, #14 reporting my usual £104 OP for April - should take YTD to £416
  • #35 with another OP of £320.10 for a current April total of £913.05
    MFWB 2025 #35: £8,255.12 / £10,000
    Prolific 2025 £277.46 / £500
    MFWB Diary
    Mortgage 1 Jan 2025: £63,215.87
    Mortgage 1 Feb 2025: £61,655.16
    Mortgage 1 Mar 2025: £60,635.55
    Mortgage 1 Apr 2025:  £59,422.35
    Mortgage 1 May 2025: £58,164.35
    Mortgage 1 June 2025: £57,055.79
    Mortgage 1 July 2025: £55,918.13
    Mortgage 1 August 2025: £54,624.07
  • CrowdieSaver
    CrowdieSaver Posts: 109 Forumite
    Part of the Furniture 100 Posts Academoney Grad Combo Breaker
    Hello
    #70 with an April overpayment of £158.
    YTD total is £1,974.
    Thanks Julicorn!
    CS x
    Mortgage at Jan 2009 (when house was purchased): £75,000. Mortgage at Jan 2017 (when I was able to start overpaying after 7 year relationship from hell ended): £60,000. Mortgage at April 2025: £16,822
    2025 MFW #70: £1,974 / £4,000.
    Previous Overpayments: 2024: £2,555. 2023: £2,850. 2022: £3,100. 2021: £2,540. 2020: £3,350. 2019: £1,950. 2018: £250. 2017: £500.
    Mortgage freedom can’t come soon enough!
  • BeckyBach
    BeckyBach Posts: 19 Forumite
    Second Anniversary 10 Posts
    Hi Julicorn, can you put £725.82 down for me in April #13. Thank you
  • Jemma01
    Jemma01 Posts: 397 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    Hi @julicorn, please can you put me down as an OP of £40,100, I'm #40. I paid off my mortgage at the end of March and we're now mortgage free  B)

    I've really enjoyed taking part in these yearly MFW challenges for the last nearly 5 years and they've definitely helped me to stay focussed, thanks so much for running them.

    That's amazing, very well done 👏 👏
    Note:
    I'm FTB, not an expert, all my comments are from personal experience and not a professional advice.
    Mortgage debt start date = 25/10/2024 = 175k (5.44% interest rate, 20 year term)
    Q4/2024 = 139.3k (5.19% interest rate)Q1/2025 = 125.3k (interest rate dropped from 5.19% - 4.69%)
    Q2/2025 = 108.9K (interest rate 4.44%)
    Q3/2025 = 98.5k (interest rate dropped from 4.44% to 4.19%)
  • SuperSavingD
    SuperSavingD Posts: 569 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    Hi @julicorn, please can you put me down as an OP of £40,100, I'm #40. I paid off my mortgage at the end of March and we're now mortgage free  B)

    I've really enjoyed taking part in these yearly MFW challenges for the last nearly 5 years and they've definitely helped me to stay focussed, thanks so much for running them.
    Congratulations Eat That Frog 🎉🎉
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