From the category archives:

Mortgage Payoff

The {Great} Mortgage Payoff: Progress

by Move to Portugal March 2, 2010

I don’t mind admitting I’m all over the place with my decisions about owning vs renting a home. I love the idea of being totally {mortgage} debt free in a couple of years, and then renting in Portugal until we find our ‘right’ area; although I do wonder if someone who loves her home as much as I do could be happy in rented accommodation forever!?

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The Great Mortgage Payoff: 2020?

by Move to Portugal January 20, 2010

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I don’t consider mortgage debt to be bad debt. To me, and this is my personal opinion, owning a home is the best way to go financially {as long as it’s not a great big massive home that you can’t [...]

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Achieving Financial Freedom

by Move to Portugal January 6, 2010

Financial freedom means something different to everyone, and everyone has a different set of circumstances; this makes it difficult to offer any advice on the subject; all you can ever do is let people know what works for you.
There are several financial gurus out there, Dave Ramsey and Martin Lewis to name just two, who all offer great, [...]

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Mortgage Progress: November 2009

I’ve hardly mentioned the mortgage this year, probably because we stopped overpaying it and concentrated on building an emergency fund. However it’s time for a re focus as we’re starting to make {small} over payments again next month.
The current balance is £121,581.65 and we still have 20 years and 8 months to make payments! Originally [...]

Rent or Sell? The Decision

by Move to Portugal October 4, 2009

A little while ago I posted about how undecided we were on whether to rent out or sell our house when the move happens. We’ve finally made a decision, I think the photo probably gives it away!
We aregoing to rent out our house. There are a couple of reasons for this. Firstly, if it all [...]

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The Great Mortgage Payoff: March Update

by Move to Portugal February 28, 2009

I’ve not updated the mortgage/savings figures for a while, so here’s the up to date state of play. Instead of a 2009 mortgage overpayment target, we have a savings target, this is purely to give us some security. I’ve added new sidebar meter’s to reflect our new goals.
Mortgage: £125,074Savings: £9,453Mortgage Freedom: £115,621
2009 Mortgage Freedom Goal: [...]

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