How old will you be when your mortgage is paid off ?

[LovelyYellowLabrador]

Aiming for before 55

63

64

I was 38. I moved out of London and used the equity from owning a 1 bed flat in London for a decade to buy a small 3 bed house on the coast, cash.

I'm thinking of getting a new mortgage though as we need a bigger house now the DC are older.

Just below retirement age😪

I was 46 …that was 11 years ago….I have carried on saving the equivalent though

I'll be 50

I was 56

I’ll be 48 by our current mortgage but I expect we’ll move and take a bigger mortgage as our current place is small & was a real do-er upper! x

I was 50

49 though probably could do it sooner.

It's dependent on so many factors though. I could move tmw & be mortgage free but I like where I live.

70

72, just extended it to a new 28 year term. But realistically it will be before that. I’ll likely inherit enough before then which will clear it.
Alternatively I have a rental I could cash in.

I’m not in any rush to clear it, life is for living.

51

I was 35.

I'll be 50. We've chosen a shorter term with the highest monthly payment we can afford for the last 6 years (with room for interest rate increase). May change if we want to up size or release some equity.

I was 49. Now 55. So glad we paid more in the latter years.

The worst thing for us is our home is too small, however we cannot financially stretch from a 2.5 bed (3rd is a box room), to a 4 bed.

68

25

52 in 2yrs time

32 (later this year)