Is anyone else aiming to be MF before age 40?

sweetilemon

With no OP I will be 44, so def before 40...probably before 30. Although in reality probably move and take on a bigger mortgage.

cardiffmatch

I'm aiming to be MF for the first time before hitting 40, although I fully anticipate wanting a bigger place and ! More specifically, I aim to offset my entire mortgage value by age 38.

If I'd sorted myself out sooner and realised the value of overpayment I'd be aiming for a younger age to be MF but there we are... better to start at some point than never start at all.

lvm

I'll technically be mortgage free by 40...however will only end up buying a bigger house before then so doubt ill see the extra cash so early. Only 26 at the moment so plenty time to go :-)

Cornucopia

I did this.

But driven by property values back when they were bubbling, not bursting.

In other words, I really respect people who are doing this now, when it takes real effort.

RevolvingDoor

I'm aiming to be 42 years old *fingers crossed* unless something dramatic happens 40 is too optimistic to pay off the mortgage!:)

Buffett

The younger we are all free of indebtedness to the banks the better! I'm really happy to see so many 20-somethings here already looking to overpay.

Remember, the earliest over payments have the biggest impact!

maureen100

Buffett wrote: »

The younger we are all free of indebtedness to the banks the better! I'm really happy to see so many 20-somethings here already looking to overpay.

Remember, the earliest over payments have the biggest impact!

Even more so considering the high house prices in recent years. I was lucky and got on the housing ladder in 1998 at age 22 & when house prices were in line with wages.

Carlos77

Im 35 at the moment, and at current overpayment rate, im looking at being MF by 38, but im planning on making extra payments to bring it down to 37.

*Jellie*

I would love to be but I'm aiming for MF by 50 at best

RevolvingDoor

Buffett wrote: »

The younger we are all free of indebtedness to the banks the better! I'm really happy to see so many 20-somethings here already looking to overpay.
Remember, the earliest over payments have the biggest impact!

I wish I had been aware of overpaying when we first got our mortgage when I was 27! We could have paid it off in a few years if we had buckled down and stopped our silly spending on total carp.:p