Hi all, I’m back from NY, which went very quickly, but was fantastic, and straight back to business -the mortgage.
The monthly payment went through, with a small overpayment of £101.92, so in all we made a payment of £900 this month, which leaves a balance of £126,273.
Next month sees the monthly Direct Debit go down to £694.80, due to the drop in interest rates. Our interest rate is now 3.49%, 0.49% above base rate.
We’re going to make a total payment of £900 January 1st, and then throughout 2009, baring disaster, a monthly overpayment of £1000 on top of the regular amount.
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Very cool! Congrats! That’s so exciting. How was New York???
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Great job! I love to see the mortgage go down. It’s the best part of the month! Glad you had a nice trip to NY.
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Awesome job! We are still struggling with some medical bills before we can start making bigger mortgage payments. We will get there! Glad you had fun in New York!!
Kristina, Nebraska USA
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Thanks Deb and Daizy
Hi Kristina, medical bills suck. We are VERY lucky that here in the UK we don’t have this problem.
How long do you think paying them off will be?
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Nice work. Sounds like you are planning a more aggressive overpayment schedule in 2009. Here’s to your success in meeting that goal.
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Lucky girl! I never been there.
Well, the truth is I´ve never traveled much but I would like to. I´m a bit like you, I like the idea of escape but hate planes and the process itself.
xxx
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