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  • FIRST POST
    • Luckyinlife
    • By Luckyinlife 9th Feb 15, 5:39 PM
    • 1,598Posts
    • 6,036Thanks
    Luckyinlife
    Diary Mortgage Free Road To Change My Life
    • #1
    • 9th Feb 15, 5:39 PM
    Diary Mortgage Free Road To Change My Life 9th Feb 15 at 5:39 PM
    Hi guys thought id keep a Diary ON my road to mortgage freedom :] which is my dream

    Bit about me
    27 years old self employed have been now 2-3 years variable income
    Got son whos 4 now and live with family at the moment

    Facts and Figures
    House value 88.5k
    Deposit is 25% at 22125
    Leaving a mortgage of around 68k At month payments of 450 at 6.4% interest fixed for 2 years due to defaults ect which are settled

    Im due to find out this week if i got the mortgage or not so exciting times .
    There is a plan 2 if i don't which involves buying a cheaper house end of this year

    Im Starting this diary to keep a log but mainly for support from some of you guys who have been at this a while now or new comers

    Im going to have Account Named
    Mortgage Fund which starts at 30000 this includes deposit as of today which will all be for the mortgage overpayment at the end of this 2 years fixed

    Within this next month Im going to get a cheaper car and free up some funds which i can so the mortgage fund will be more which should add over 10k to the fund :]

    Mortgage fund -- 30000 Feb 9tth 2015

    Ill update as things move along :]
Page 44
    • Luckyinlife
    • By Luckyinlife 4th Feb 17, 12:55 PM
    • 1,598 Posts
    • 6,036 Thanks
    Luckyinlife
    Thanks guys such a nice bunch of people :]

    Garden is 80% done now got a week or 2 in the summer and will be sorted :]
    Ya i could OP to get under the 60k mark but i enjoy just chipping away at it... also i am at around 55% ltv i think now and i need to get a new package end of this year

    Id love to afk if i can have 50% of the value to your house how much it worth now ? whats the ltv hehe u have ?

    I love the sig hehe :] we would be lose without the debt come on haha
    Mortgage--- 67700 March 15 65221 April 15 64983 July 15 64780 sept 15 Remortgage 67295 oct 15 66599 Nov 15 65878.73 Dec 15 64834 1st Jan 16 Feb 16 64,511.89 March 16 64,056.40 April 16 62550 May 16 62,396.20 Feb 17 60.800
    Emergency fund 23k
    • A Frayed Knot
    • By A Frayed Knot 4th Feb 17, 6:43 PM
    • 2,315 Posts
    • 10,390 Thanks
    A Frayed Knot
    Thanks guys such a nice bunch of people :]
    Id love to afk if i can have 50% of the value to your house how much it worth now ? whats the ltv hehe u have ?
    Originally posted by Luckyinlife
    Think you're in Dragon's Den ???


    I was thinking more like 10% in exchange for an investment of 22,000.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 20 months 4/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/4000, 2015/6294.69, 2016/3186.80, 2017 4068.97

    • Luckyinlife
    • By Luckyinlife 5th Feb 17, 7:40 PM
    • 1,598 Posts
    • 6,036 Thanks
    Luckyinlife
    ok ill come down to 42.3% give u majority share holder status lol

    kind like that see haha
    Mortgage--- 67700 March 15 65221 April 15 64983 July 15 64780 sept 15 Remortgage 67295 oct 15 66599 Nov 15 65878.73 Dec 15 64834 1st Jan 16 Feb 16 64,511.89 March 16 64,056.40 April 16 62550 May 16 62,396.20 Feb 17 60.800
    Emergency fund 23k
    • lippy1923
    • By lippy1923 5th Feb 17, 8:10 PM
    • 1,241 Posts
    • 3,460 Thanks
    lippy1923
    Welcome back LL. You have been missed. Great about the garden and EF looking good as always
    Total Mortgage OP 17,500
    House Value 275,000 Mortgage 90,288
    Emergency Fund 28,100

    • Firegirl
    • By Firegirl 15th Mar 17, 2:55 AM
    • 724 Posts
    • 2,949 Thanks
    Firegirl
    Great to see your still in one piece Lucky!!!

    Sounds like you've been really busy and have made great progress. Well done.
    Mortgage balance Feb 2015 start of MFW Journey-245316.06/Aim to be mortgage neutral 2022
    Current Mortgage Balance 191, 098
    Target for May 2018 - Somewhere inbetween 2 figures below!!
    19 Year Target Balance MF55= 205, 020
    14 Year Target Balance MF50= 191, 314
    • Cream Tea
    • By Cream Tea 16th Jul 17, 9:38 PM
    • 419 Posts
    • 1,985 Thanks
    Cream Tea
    I've been away for a while so thought I'd have a little catch up. You've done amazing things in the last 18months! What an inspiration as always LIL.
    CT
    Mortgage 269,432 262,860 / MF date June'49 June'49
    Debt 27,798/24,829 / Debt Free Est. July'21 Sept'2019

    Updated 01/09/17
    • A Frayed Knot
    • By A Frayed Knot 8th Jan 18, 12:36 AM
    • 2,315 Posts
    • 10,390 Thanks
    A Frayed Knot
    Thought I would pop in and see "old friends" since it's the New Year.

    How are you doing - still working all hours . . . .


    Would be good to here how your doing with your MF Journey.
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 20 months 4/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/4000, 2015/6294.69, 2016/3186.80, 2017 4068.97

    • A Frayed Knot
    • By A Frayed Knot 12th Feb 18, 11:25 PM
    • 2,315 Posts
    • 10,390 Thanks
    A Frayed Knot
    Bumping

    Over a year now since your last post. Must be doing well with the MF journey.
    Would be great to hear how things are with you and your journey.

    AFK
    Always have 00.00 at the end of your mortgage balance and one day it will all be 0's
    Target 20 months 4/24
    MFMarch 30 Re/M Oct 23 Target -Dec 19
    O/P's 2014/4000, 2015/6294.69, 2016/3186.80, 2017 4068.97

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