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  • FIRST POST
    • diggingdude
    • By diggingdude 19th May 19, 2:01 PM
    • 842Posts
    • 1,091Thanks
    diggingdude
    Don't want to do this job for ever
    • #1
    • 19th May 19, 2:01 PM
    Don't want to do this job for ever 19th May 19 at 2:01 PM
    So I am a couple of months into having my mortgage now and on the whole really like my house and realistically wouldn't need to move for many many years. I don't enjoy my job however and at the age of 35 don't want to be doing it for the rest of my working life. So the plan is to pay off this house whilst still having a disposable income. The mortgage was 117104 after deposit and currently on a 5 year fix. The first month I didn't make an over payment whilst last month I mad 101. I have upped this now to 301 a month on top of the 529 monthly payment.

    Making this thread less to ask questions but more to remind myself of where I started and to keep myself motivated. I am aiming for 15 instead of 25 years. I could do more but still have a load of other things to buy at the moment. Hoping I may motivate myself to a 10 year mortgage term in time
    House owner as of 27.3.2019
    Free Tumble drier fund 44 (March) 88.04 (April)May 179
Page 1
    • LeighofMar
    • By LeighofMar 19th May 19, 11:43 PM
    • 89 Posts
    • 206 Thanks
    LeighofMar
    • #2
    • 19th May 19, 11:43 PM
    • #2
    • 19th May 19, 11:43 PM
    Welcome. You have the right idea. My husband's been sick for 3 weeks. The only reason we are okay is because we are self-employed and our house note is low. But even so, it would be so much better with no mortgage whatsoever. Best wishes on your journey.
    • mumof3.12kindebt
    • By mumof3.12kindebt 20th May 19, 6:26 PM
    • 588 Posts
    • 1,553 Thanks
    mumof3.12kindebt
    • #3
    • 20th May 19, 6:26 PM
    • #3
    • 20th May 19, 6:26 PM
    Good luck on your journey I'll be following and cheering you on x
    June 2017 16000 debt
    Sept 2018 Loan paid off
    Nov 2018 DEBT FREE
    • fresh cotton
    • By fresh cotton 20th May 19, 6:45 PM
    • 23 Posts
    • 44 Thanks
    fresh cotton
    • #4
    • 20th May 19, 6:45 PM
    • #4
    • 20th May 19, 6:45 PM
    Good plan.

    Your current overpayments will make a big difference, but if you increase them over the next few years, then your mortgage will be done in no time.
    • beanielou
    • By beanielou 21st May 19, 9:01 PM
    • 63,639 Posts
    • 281,959 Thanks
    beanielou
    • #5
    • 21st May 19, 9:01 PM
    • #5
    • 21st May 19, 9:01 PM
    Happy shiny new diary
    Lou~ Debt free Wanabe No 55 DF 03/03/14.
    **Credit card debt free 30/06/10~** **Weight loss 2 stone 12 lbs **

    "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*** ~~Japanese proverb.
    It starts with you, it starts from now. *** It is ok to be me.***
    ***Keep plodding***
    Out of debt, out of danger. ***Be the difference.***
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