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mortgage freedom: february 2013 report

Posted on February 1, 2013 by Move to Portugal

*FEBRUARY 2013 STATS

Original Mortgage: £138,485 (April 2006)
Original term: 300 months (March 2031)
Outstanding Balance: £83,899.81
Reduction from last month: £571.62
Paid off to date: £54,585.19
Monthly payment: £542.34
February over payment £100.31
Actual payments left: 209
Months until goal date: 58 (31st Dec 2017)
Months until stretch goal date: 34 (31st Dec 2015)

Us vs. Bank: 39% vs. 61%

Not a lot of movement on the numbers this month - we’re building our cash savings in the first three months of 2013, and then attacking the mortgage over the other nine…..well that’s the plan at the moment

Next month, if all goes to plan, we’re aiming to make a £1k+ payment and bring the balance to £82,960.

Comments

mortgage freedom: february 2013 report — 12 Comments

Janine on February 1, 2013 at 5:07 pm said:

Part of me just wants to have a mortgage so I can do posts like this haha!
- Laura / Move to Portugal on February 2, 2013 at 4:48 pm said:
  
  When you eventually have a mortgage you’ll be so prepared for it I’m sure you’ll pay if off in no time at all.
MarieG on February 1, 2013 at 8:31 pm said:

You perseverance is astounding! I love that you use your blog as a means of accountability for your goals, but even so I am not sure I could do what you have already accomplished. Your original goal was years away, yet you keep at it! Thank you for the inspiration! If you can do it, so can we

MarieG LifeSimplyBalanced.com
- Laura / Move to Portugal on February 2, 2013 at 5:14 pm said:
  
  Thanks Marie!
Gill on February 2, 2013 at 12:41 pm said:

every little helps as far as I am concerned. We are down to 30 weeks now, so it’s getting lower!!

Gill
- Laura / Move to Portugal on February 2, 2013 at 4:45 pm said:
  
  You’re getting so close Gill!
anexactinglife on February 2, 2013 at 2:10 pm said:

You’ve had a lot of life changes, yet you are still making remarkable progress. I think most people would have stopped paying down early in order to complete repairs and renovations.
- Laura / Move to Portugal on February 2, 2013 at 5:08 pm said:
  
  thank you! this house is a NEVER ending project lol (more so than we originally thought!) and each year we allocate an amount of money to it, to the mortgage etc.
Carla on February 2, 2013 at 2:16 pm said:

I love how determined you are!!
- Laura / Move to Portugal on February 2, 2013 at 4:34 pm said:
  
  Thanks Carla!
Viv on February 5, 2013 at 12:32 am said:

Hi there – it is really late and I don’t have time to chat – just letting you know I have a little something for you over at my blog Re-routed if you want to collect it!
- Laura / Move to Portugal on February 7, 2013 at 8:02 am said:
  
  Thank you so much for nominating me Viv.

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