The Mortgage Free Roll Of Honour

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Comments

  • JustAboutThere
    JustAboutThere Posts: 523 Forumite
    Name Dropper First Post First Anniversary Combo Breaker
    a. The date you decided to become a MFW

    When I found out that my endowment policy wasn't going to pay off the mortgage, despite applying for and receiving a mis-selling payment.

    b. Mortgage Debt at its highest

    £65,000

    c. Mortgage-Free Date

    Saturday, 10 March 2018

    d. Your one pearl of wisdom.

    I purchased for less than the maximum mortgage I was permitted (£77,000). I really wish I'd paid a bit more for a house, rather than a 1-bedroom flat. Especially, since upstairs now rents his out and I've had a series of his tenants to contend with. Most: OK, a couple: not so much.

    When I say 'spent more', not so much that it crippled me financially, but just a LITTLE bit more room would be nice.
  • beanielou
    beanielou Posts: 90,255 Ambassador
    Academoney Grad I'm a Volunteer Ambassador Mortgage-free Glee! Name Dropper
    Bumping this up.
    Would be great if it could be a sticky :)
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    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*** ~~Japanese proverb.     ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • Dippypud
    Dippypud Posts: 1,927 Forumite
    First Anniversary Name Dropper First Post Photogenic
    Whoo Hoo happy days :D
    C.R.A.P.R.O.L.L.Z # 40 spanner supervisor.
    No problem can withstand the assault of sustained thought.
    Only after the last tree has been cut down. Only after the last fish has been caught. Only after the last river has been poisoned. Only then will you realize that money cannot be eaten.
    "l! ilyë yantë ranya nar vanwë"
  • telemarks
    telemarks Posts: 255 Forumite
    Mortgage-free Glee!
    Just found this, so posting our contribution

    a. The date you decided to become a MFW: During the Banking crash of 2007, I got worried about our savings in the bank

    b. Mortgage Debt at its highest: £60k

    c. Mortgage-Free Date: July 2007

    d. Your one perl of wisdom: Get rid of debt, don't save. For a few years before the crash I had swopped to a Offset Mortgage which was the best thing I ever did interest wise. However during the banking crash I thought it safest to use the savings to pay off the mortgage, and I don't regret that at all
  • doingitanyway
    doingitanyway Posts: 8,737 Forumite
    First Anniversary Name Dropper First Post Mortgage-free Glee!
    Still don't know how to get a debt free/mortgage free badge thing??
    If you have built castles in the air, your work should not be lost; that is where they should be. Now put the foundations under them.

    Solicitor/survey savings 300/1700
    Emergency fund 0/1000
    Buffer fund 0/200
  • northerngeezer
    northerngeezer Posts: 1,048 Forumite
    First Post First Anniversary Combo Breaker Mortgage-free Glee!
    Mortgage taken out 1993
    Highest Amount 35k
    Paid off 2002

    Don't save...instead try your best if possible to pay it off ASAP
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    First Anniversary Name Dropper First Post I've been Money Tipped!
    I never thought to register on here, have been mortgage free for 7 years next month, at it highest the mortgage was 50k and my one pearl of wisdom would be when you can do as we did and down-size, ok we have less room but less worry (and less cleaning lol)
  • buyhighselllow
    buyhighselllow Posts: 243 Forumite
    First Anniversary Name Dropper First Post Combo Breaker
    Mortgage free for 4 years, paid off 6 years early at age 46.
    We had an extension done 9 years ago which doubled the mortgage, I kept the term the same and upped the payments. 4 years ago I decided I would just feel better without a mortgage and paid it off with savings, at the same time dropping to a 4 day week to improve quality of life and knowing the ball and chain of a mortgage had gone.
    Over £2K made from bank switches and P2P incentives since 2016 :beer:
  • missile
    missile Posts: 11,684 Forumite
    Name Dropper Photogenic First Post Combo Breaker
    Mortgage-Free Roll of Honour.

    This is for Mortgage-Free Wannabees who are no longer Wannabees.

    Please report

    a. The date you decided to become a MFW :
    This was always my ambition
    b. Mortgage Debt at its highest :
    95,000
    c. Mortgage-Free Date
    2006
    d. Your one pearl of wisdom.
    Think before you buy
    e. The MSE Mortgage guides and others that helped you
    No
    f. And if you had a mortgage freedom diary on MFW, a link to it.
    N/A
    "A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
    Ride hard or stay home :iloveyou:
  • Youthgonewild
    Youthgonewild Posts: 169 Forumite
    First Anniversary First Post
    Congratulations to everyone who made this Roll
    Mortgage balance October 2015: £99875 Mortgage balance June 2023: £69999.40
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