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What age were U when Mortgage Free?

2

Comments

  • A_Nice_Englishman
    A_Nice_Englishman Posts: 2,301 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee!
    waves117 wrote: »
    cant wait for my mortgage free time.....littlemissbossy just thing of all that spare cash being enjoyed....well done:T

    A lot of my spare cash is being saved/invested so I can afford to retire earlier.
  • vet8
    vet8 Posts: 877 Forumite
    We are not mortage free yet by any means, but as we are on a tracker and the interest rate is so low it is now £87 per month. A few months ago it was £600+

    It is now less than half of our council tax!!
  • dzug1
    dzug1 Posts: 13,535 Forumite
    10,000 Posts Combo Breaker
    I was 60.

    But for the previous 10-15 years it had been negligible in relation to my income.
  • nearlyrich
    nearlyrich Posts: 13,698 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Hung up my suit!
    A_Nice_Englishman wrote: »
    A lot of my spare cash is being saved/invested so I can afford to retire earlier.

    Me too, mortgage was paid off in 2000, so I was 37 and since then I have supported my children through higher education and the last couple of years it's all about the retire at 55 plan ;)
    Free impartial debt advice from: National Debtline or Stepchange[/CENTER]
  • CountingPenniesClaire
    CountingPenniesClaire Posts: 253 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Cool question. I'm a bit of a fraud as I'm not yet MF. However I plan to be by the age of 34 and my OH will be 40. Not too old to start all over again!
  • sad_dog_lady
    sad_dog_lady Posts: 405 Forumite
    i was 30 and hubby was 25 lol kids were 11, 9,6
    1. i'm bi polar.:rotfl:2. carer for two autistic sons.:A 3. have a wonderful but challenging teenage daughter.:mad: 4. have a husband that is insatiable. :eek: 5. trying to do an open degree.
  • A_Nice_Englishman
    A_Nice_Englishman Posts: 2,301 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee!
    vet8 wrote: »
    We are not mortage free yet by any means, but as we are on a tracker and the interest rate is so low it is now £87 per month. A few months ago it was £600+

    It is now less than half of our council tax!!

    Are you using the 'spare' £500+ a month to pay off the capital?
  • vet8
    vet8 Posts: 877 Forumite
    No, we are actually using that to pay off other debts. We have had a hard time in recent years and this has given us a bit of a break and a chance to straighten things up a bit.
  • waves117
    waves117 Posts: 82 Forumite
    nearlyrich wrote: »
    Me too, mortgage was paid off in 2000, so I was 37 and since then I have supported my children through higher education and the last couple of years it's all about the retire at 55 plan ;)


    i agree retire at 55 or before and enjoy life more! 37 is a good age though to be mortgage free...Well done for that.:T
    MFW 158 - Wanna be Mortgage free in 2 years (sept 2010)
    1st Jan 2008 - Mortgage £30,478.97, Term 6yrs 9m
    2008 Total OP = £7,859. Mortgage reduced to £15,938.20, Term Reduced by 3yrs 2m to 3yrs 7m
    2009 Total OP = £11,339. Term reduced by 3yrs 7m
    :TMortgage free Dec 2009 :T
  • waves117
    waves117 Posts: 82 Forumite
    sad_dog_lady wrote: »
    i was 30 and hubby was 25 lol kids were 11, 9,6


    Wow that appears to be great...how did you manage that?
    MFW 158 - Wanna be Mortgage free in 2 years (sept 2010)
    1st Jan 2008 - Mortgage £30,478.97, Term 6yrs 9m
    2008 Total OP = £7,859. Mortgage reduced to £15,938.20, Term Reduced by 3yrs 2m to 3yrs 7m
    2009 Total OP = £11,339. Term reduced by 3yrs 7m
    :TMortgage free Dec 2009 :T
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