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How to be mortgage free after 8 years
Comments
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There is an overpayment calculator as one of the sticky threads
http://forums.moneysavingexpert.com/showthread.html?t=1557070 -
halloweenqueen wrote:Did you work out your mortgage free date with the online calculators?
No need for me, I just took the opening balance off the annual statement and did a roiugh estimate based on how mucg I am overpaying, but for loans further out, the calculator is best
At the moment, my excel spreadsheet says that the end of June 2008 will do it0 -
:j Thanks very much, have just used the link and found out that even paying just an extra £10 per month, will reduce my mortgage time by 8 months. Am definately gonna do that.
:beer::hello: Laugh and smile everyday, it keeps you healthy ! :wave:Thanks for everybodies help on here, what a great community !0 -
Paid in another £61 today, so made overpayments of £900 this month plus mortage payment - i think that will be my record!!0
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Well done halloweenqueen, fantastic overpayments!Previous debt: £14K :embarasse Debt free: Sept '03
MFW#42 Mortgage OP savings £4271.18/£12000 2019 
Started dating OH Mar '12, married Oct '12, Walnut born Dec ' 12 :A SPC 12: 99 £38.05/£500 Make money Jan: £412.34/£310 :T Feb: £88.79/£280 May: £215.52/£310 June: £18.98/£3000 -
halloweenqueen wrote:Paid in another £61 today, so made overpayments of £900 this month plus mortage payment - i think that will be my record!!
That is a brilliant amount, well done !!!
You are an inspiration to any money saver, thanks:hello: Laugh and smile everyday, it keeps you healthy ! :wave:Thanks for everybodies help on here, what a great community !0 -
Woohoo wooohooo- Thanks everyone. It keeps me upbeat when I'm denying myself stuff I would normally overspent on - now I get praise on here instead!!!
Do you know though, a day after I've decided not to buy something I had my eye on, 9 times out of ten I can't remember what it was I wanted to buy!!!
I got myself a bargain in a charity shop yesterday and saved myself about £30 on a pair of curtains, exact right colour and size! i only bought them and stardrops!!!0 -
At the risk of puffing myself us again - I made a typing error - I paid in £81 not £61 - I had an extra £20 from book sales on Amazon!0
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Have made overpayments of £100 for the past two months.
Not quite in the Thefunkygibbons league but it is a start.A bank is a place that will lend you money if you can prove that you don't need it - Bob Hope.
If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem - Jean Paul Getty0 -
Well we're chipping away!!!!!0
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