Mortgage Free.......When???

gallygirl

I WILL BE 49 yrs and 362 days (pay day is 3 days before 50th, it WILL BE paid by then :rolleyes: ).

I will also have lost 3 stone in weight .

43.5k to go........ mortgage target looking more realistic than weight .

save-a-lot

save-a-lot wrote: »

I am hoping to clear the mortgage by the time I am 42, that is the plan anyway, I am 35 now with about £70K to pay off. Could achieve a quicker result if my wife goes back to work f/t sooner than she planned - currently on maternity leave, and the plan is not to return to work for maybe 3 years.

My situation is if we stay where we live now. It is rapidly shrinking as the family grows. So making the move may mean I would be closer to 50 I guess. There is no plan to move just yet, but I reckon it is on the cards within the next 3 years or so

lorac3

I will be 48. I WILL have paid it off in about 4 months if I juggle my meagre savings. I owe under £3000 now. Its only this last year that I have really wanted to get it clear due to a lot of lurking on this board. The payments are £64 per month now but I have increased them to £500 for the next couple of months and I am debating whether to throw my savings at it. I am not too sure as they are my safety net and I have never really had savings and am nervous about that.
Good luck to every one !

ailuro2

I'll be 40 when it's paid off...

DH will be 41, or still 40 years old if we really cut back to get it paid off.:j

~daisy~_2

in about 2 and a half years time so i will be 41 and hubby 44

we have approx £26k left to pay - plan is to get down to approx £15k by sept 2009 when our fixed rate finishes and borrow the remainder from my parents to pay it off with the bank - then spend the next few months paying them back

fingers crossed

TallGirl

I will be 39 (37 now) and DH will be 48 so in 2 years time - right on target for MFi3. £24k to go unless we go mad on the bathrooms.

Di-Dough

If we don't overpay then I will be 58 and OH 59 but overpaying at the moment and would like to pay it off before we are 50

Di

Kaz2904

The mortgage will be gone when I am 34 and DH is 35 (nearly 30 and 31 now). It will then take us another year to clear all other debts. We'll be free by 22 July 2013 at this moment in time but hope for it to become sooner- even if I can only squeeze another month off it!

JonnyBravo

save-a-lot wrote: »

My situation is if we stay where we live now. It is rapidly shrinking as the family grows. So making the move may mean I would be closer to 50 I guess. There is no plan to move just yet, but I reckon it is on the cards within the next 3 years or so

I know how you feel. I'd have paid mine off by now (I'm 37) if we were still in the house we were in just over 2 years ago.
We were down to 30k on the mortgage and really hitting that capital.
But to be honest it was a small 4 bed and incomparable to this house. So it was the right thing to do for us.
Now we owe over £280k but we do now have two places and this house really is a long term keeper.... well, til the kids leave at least.

Innys

Just became mortgage free 3 hours ago - apart from the £50 odd I'll leave there to avoid paying a £90 "redemption fee". I turned 41 two weeks ago