From the category archives:

mortgage payoff

Mortgage Payoff: September 2010 Progress

If I told you that I’ve changed my mind again about the selling versus renting decision when we move to Portugal, would you be surprised? Probably not! I seem to do it every month. Well this time there will be no changes; we are going to rent out the house when we move.

Something happened in August concerning a very dear family member which made me realise that I want/need to keep a base in the UK. I won’t go into details, however for me, us, it’s the right decision at this time.

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The {Great} Mortgage Payoff

Things are ticking along with the mortgage payoff. We’ve continued with a small overpayment every month and dh is talking about putting his next potential {small} pay rise towards increasing the overpayment. The figures as they stand today are: Mortgage Balance: £117,799 House Value £180,000 {approx} Monthly Payment £542.34 Monthly Overpayment £57.66 Payments left 240 {20 years} [...]

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We are selling our house, for definite this time!

If you’ve been reading this site for the last few weeks you’ll probably know this already, but after thinking for a long time that we would rent our house out when we move abroad, we have now decided to sell it.

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The {Great} Mortgage Payoff: Progress

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?

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 afford!} and owning that home outright, with no mortgage, must bring an amazing feeling of security. [...]

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Achieving Financial Freedom

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 [...]

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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! [...]