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What should be the average age of being MF

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  • laurasavon
    laurasavon Posts: 475 Forumite
    I'm 26 and have 20 years left on the mortgage but would like to clear it in 5
    Jan 2010 - Overdraft £9,500 / Credit Cards £5,000 / Loan £9,500 / Mortgage £128,000
    Jun 2010 - Overdraft £0 / Credit Card £0 / Loan £0 / Mortgage £125,250
    Oct 2011 - Overdraft £7,000 :mad: / Mortgage £115,295
    Dec 2014 - Overdrafts 15,000 / Credit Cards 16,000 / Loans 25,000 / Cars 18,000 / Mortgages 232,500
  • sarahevie
    sarahevie Posts: 1,003 Forumite
    I'm 26 with currently 21 years left on mortgage. Took out 30 years from 23. However, all will depend on moving (would like to). Going back to work (perhaps when the kids are at school 4 years?)

    Whatever happens I'd like to be mortgage free by 40 (but won't be possible unless we up our income and don't move.)

    We only have £1000 a month for everything after mortgage for a family of four, so things are already tight without overpayments.
    OPs so far £42,139
    Original end date Nov 2037 (53) Current end date June 2024 (40) Aiming for 5 years to be Mf
    DD1 Oct 2008:), DD2 Jul 2010:), DD3 Aug 2013:)
    When life is getting me down I try to remember to thank God for the blessings
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