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Let the 10 year overpayment begin.
My mortgage doesn't have a chart on the app, so I decided to ask ChatGPT to build me my own little one. I'm way more motivated by things I can see visually, and on my mortgage app it just shows the value of my mortgage.
With this chart, I can visually see the decline as it occurs each month and that makes it easier for me to stick to. I know overpaying on the mortgage is not usually recommended if the interest rate is quite a bit lower than the average stock market return, but for me the peace and mind of clearing this mortgage in a decade, rather than 25 years is massive.
But actually 10 years the how long it will take if I miss a bunch of payments for some reason, I already missed 1 overpayment. but if I make every single payment I should have it paid off in 7 years 6 months time.
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Good luck!
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Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** in ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger.
One debt remaining. Home improvement loan.[/b] [11 months left.[/b]0
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