Our goal is to achieve Financial Freedom by December 2020; being mortgage free is part of that goal and every month I’m tracking our progress.
April 2011 mortgage stats:
- Original Mortgage: £138,485 (April 2006)
- Original term: 300 months (March 2031)
- Outstanding Balance: £113,432
- Paid off to date: £25,053
- Actual payments left: 231
- Months until goal date: 116 (31st Dec 2020)
- Original term reduced by: 8 months
Us vs. Bank: 18% vs. 82.%
We’ve started to make a small mortgage over payment again (£57.66), which we plan to continue with for the rest of the year.
Stay up-to-date with all the posts from this site. Subscribe using your email account or your RSS feed reader; either way it’s free! You can also follow me on Twitter @lauramtportugal here.
{ 5 comments… read them below or add one }
I like the us vs. bank. It makes it personal. Take that!
[Reply]
Laura Reply:
April 5th, 2011 at 6:37 am
@Niki Yes! It certainly makes it feel personal
[Reply]
Good works guys – stick it to the bank.
[Reply]
Laura Reply:
April 5th, 2011 at 6:38 am
Hi and thanks Simon!
[Reply]
Don’t want to give the bank any more than you have to!
Bernice
[Reply]
Laura Reply:
April 5th, 2011 at 6:38 am
@Bernice The less the better Bernice!
[Reply]
Yay! So good to see someone attacking a big sum like this. Very inspiring!
[Reply]
Laura Reply:
April 5th, 2011 at 3:49 pm
Hi shoestring! This month savings minus mortgage debt hit 5 figures instead of 6…progress!! Yay!
[Reply]
Hey, my goal is to become financially free to by 2020!
Actually, my original goal was 2019, but I bumped it back to 2020, because it’s such a cool number
and beside a little slack in the timeline make the goal more achievable in my case!
Good luck and here is to a great 2020!!!
[Reply]
Laura Reply:
April 10th, 2011 at 6:02 am
Thanks MR! I have to admit that 2020 is a cool number! It’s going to be a real push for us and really depends on how things work out when we get to Portugal but nothing ventured, nothing gained…
Good luck for 2020!
[Reply]