what the average age of ppl on this site paying off there mortgage

staceydaisy

Hi im trying to find out the average age of ppl paying of mortgages im only 23 but would love to pay mone of and have that financial freedom am i being realistic

mortgageslayer

I'm 28 and aim to be mortgage free in 5 years...

trudypretty

hiya...i am 30 and really want to pay my mortgage early xx

loopy25

I was wondering the same. I'm 27 and my mortgage seems huge compared to most on here and the idea of paying it off sooner is really appealing but will, no doubt, be a long way off! However, we have decided to start overpayments in feb(after Christmas) Yay... I'm really excited!!!!!

mortgageslayer

loopy25 wrote: »

I was wondering the same. I'm 27 and my mortgage seems huge compared to most on here and the idea of paying it off sooner is really appealing but will, no doubt, be a long way off! However, we have decided to start overpayments in feb(after Christmas) Yay... I'm really excited!!!!!

Start now, even if its a fiver! You'll reap the benefits eventually, and overpaying generally gives you a buffer if you have a bad month further down the line. If you're 27 and have it paid by 40 you've done well...

HelzBelz

Dh and I are on schedule to pay ours off within the next 17 months, so we'll be 39 when it's payed off

staceydaisy

thxs guys thats really good om aiming for 35 years old that gives me 12 yrs but also i want a 3 bed house i currently live in a 2. i will overpay even if i move

gallygirl

47 :eek: .

Main mortgage WILL be paid off by 50 (even although I accidentally bought a car last week )

BTL's WILL be paid off by 55

mortgageslayer

HelzBelz wrote: »

Dh and I are on schedule to pay ours off within the next 17 months, so we'll be 39 when it's payed off

Well done! If I had 17 month to go I'd be working 20 hour days and living on cold baked beans to get it done! :-)

POSSETTE

I will be 49..39 now..we are of the opinion that we live now and not later,we have new car every 3-4 year and new caravan and trips to Paris as and when..we could stop all that and pay it off early,but i want to live now..both our healths could mean not too long a life!!! weigh up what is important before you decide to put it all into paying off early

webitha

im 35 now and aiming to be MF just before my 40th birthday