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General Discussion Area / Re: No more mortgage payments on this property.
« on: 15 January 2021, 11:48:08 »
House purchased in 1978 with a £12,000 "low cost" endowment over 25 years. Increased over time due to several extensions, to a total of £38,000 but the "final date" not changed. Paid off in 2003 with the total of the 4 endowments being £54,000 ... a "profit" of £16,000 .... but I know I paid an awful lot of interest in those 25 years, especially given the way the interest rates went in 1978 !
Still live in the same house ........
Still live in the same house ........