Mortgage Freedom: March 2014 Report

We’re trying to pay off our mortgage by December 2017, and every month I track our progress.

*MARCH 2014 STATS

  • Original Mortgage: £138,485 (April 2006)
  • Original term: 300 months (March 2031)
  • Balance last month: £72,360
  • New Balance: £71,500
  • Paid off to date: £66,985
  • March over payment £372.61
  • Actual payments left: 196
  • Months until goal date: 45 (31st Dec 2017)
  • Months until stretch goal date: 27 (31st Dec 2015)

48.37% of mortgage debt repaid!

The main planned house repair for 2014 is now completed – I just need to send the cheque – and so now it’s time to start really attacking the mortgage. So far it’s reduced by £2,000, but our goal is £15,500 – we need to get (really) going!

2014 Goal: £2,000/£15,500

Mortgage Freedom: February 2014 Report

We’re trying to pay off our mortgage by December 2017, and every month I track our progress.

*FEBRUARY 2014 STATS

  • Original Mortgage: £138,485 (April 2006)
  • Original term: 300 months (March 2031)
  • Balance last month: £72,900
  • New Balance: £72,360
  • Paid off to date: £66,125
  • Monthly payment: £542.34
  • February over payment £58.96
  • Actual payments left: 197
  • Months until goal date: 46 (31st Dec 2017)
  • Months until stretch goal date: 27 (31st Dec 2015)

47.75% of mortgage debt repaid!

We’re getting so close to 50%! It should happen on April 1st (we have every crossed!) and will have taken eight years……hopefully we can then pay off the other fifty in less than four. Gotta stay focused! :)

2014 Goal: £1,140/£15,500