How old were you when you cleared your mortgage?

[goldpendant]

Inspired by two other threads (one on pensions, the other on mortgages), if you've cleared your mortgage, how old were you when you did so?

45 by over paying double for 5 years to get rid of it.

1 year to go all being well. I’ll be 53

53

Just about to. Also 53.

Two expensive divorces, and a move back down south means we'll be paying our next mortgage until I'm 66 and dh is 69. However, I have calculated that on basic salary and we both earn commission or overtime so the intention is to pay this into the mortgage and repay it before I'm 55.

29

Technically I would be 63 but we plan to downsize in 7 years and that would pay the mortgage off. So I will be 52.

I will be 62 - so 7 years time - if I went we're full term. But I might downsize sooner.

45 but that was due to a redundancy payment and then, a few years later, an inheritance when my dad died.

If it hadn’t been for these two things I prob wouldn’t have been able to clear it until my 60s

Have no intention of paying off mortgage even though we could afford to several times over. Mortgages are cheap money! The money we would spend on paying off the mortgage is currently earning far, far more as investments.

48 (thanks to scrimping and saving and taking lodgers) and 50 (thanks to money left to me by a generous friend). I am pleased as I only got my first mortgage at 41 (with help from family for the deposit).

47, redundancy payment.

I have only told one person I am mortgage free as I realise it is a very privileged position. It has taken a lot of worry off my shoulders as I know that if I need to stop work through I’ll-health I will still have a roof over my head.

Do you tell people you are mortgage free?

No. Why would you? I wouldn't hide it if it ever came up in conversation, but it's been 5 years now and it's never happened.

I was 38. It wasn't anything I did. I had a small mortgage due to marrying an older man who had paid half of it already. Then I got a £10k inheritance so paid it from that.

We couldn’t in the uk but now at 33 I am mortgage free. Property is much cheaper in France.

45

First time 34, second mortgage most likely early fifties

We aren’t in a rush to pay it off either while the interest rates are so low. We’re better off having the money invested.

First time 25, then 30. Now have another that I suspect I won't clear until about 60.

All being well I’ll be 49 and DH 61.

47

Our mortgage term takes me to 66, but we're overpaying and targeting 5 years earlier.

But we'll move again in a few years we'll need a mortgage again.

I've got 10 years left on my mortgage. I will be 46 when it is fully paid for. We could pay it off sooner as it is quite a small mortgage but we have been doing up our house instead.