If you have paid off your mortgage....

[Soen]

Just wondering how different your life is if you have paid off your mortgage.

I have many years to go til I have paid mine off, but I have been overpaying for a while. My job is tiring and stressful and I have 2 children. I sometimes dream of the day my mortgage is paid off so I don't have to slog my guts out every day. I'm fucking knackered and only early 30s.

Is life really any different once it has been paid off? Did anyone fulfil any lifelong ambitions once they had more freedom? Did anyone take on another mortgage, btl etc? I'm an eternal day dreamer who plays out different scenarios in my head constantly.

We plan to pay the mortgage off in 5yrs and then rent out our house and buy again using the rental income to pay for our new mortgage. So not quite mortgage free.

We paid ours off two years ago but as our monthly repayments were only £100, apart from the nice feeling that our house is ours, it's made no difference at all.

Sounds like you are doing amazing !!!
I'm a single mother
Work in a good job
The father contributes nothing

I have around 20pounds to last until pay day

I had more more twenty years ago as an undergraduate:(

Looking forward to the day I will have savings
Maybe in a few years

Sorry to hear that looooooondon. Agree everyone on this thread is doing/ has done amazing with it all. I play around with overpayment calculators a lot. Its addictive.