how long till your mortgage is paid off?

[Clay]

18 months I believe.

 

[poppy]

0

 

[possum_128]

Paid off mine Sept. 2012, what a great feeling.

 

[Dosproduction]

Yeah I got a long time First home just bought Oct 2013 30yr fixed. Pay extra each month and extra payment each year but it will still be a while. When I first bought the first statement had a run down on how much interest to principle for each year over the life of the loan. I have not received a nether one of these. Should I have and is there a way to get one?

 

[Leo]

High 5 to all who paid off their mortgages. The year I was born, the average 40 year old man had his home paid in full and IF he had a car payment, it was less than a year. Of course a working man brought home over 90% of his wages in the early to mid 50's.

It is good to not be a slave to the mortgage people. If only I could figure out a way not to be the slave of the tax man, I will be free. I am pretty sure you have to die to be free from the taxman. It is prudent to have a plan for the afterlife.

 

[The Bubba Effect]

0

 

[cce1302]

22 years left. Hope to sell it this spring/summer though and have no mortgage.

 

[1911ly]

I am lucky enough to own my own home at 52. I have actually owned it for about 10years. It's a good feeling. Pay them off as fast as you can. Then keep it that way if you can! My house ain't pretty but she's mine.

 

[scott delaney]

wow .....thanks! I had no idea where I was till I seen this question. bought new to me house 5 yrs ago (63 months) on a 15yr mortgage at 3.85%. been paying between $100 or $150 every month when we could,almost every time, and im down to 6 yrs(76) payments. im STOKED

 

[TTB Yeee]

As of today, we have 16 years left at our current rate. It was a 30 year loan, and we've been in the house for just under 3 years. Crazy what a little bit of extra principal payments can do.

 

[Vince49]

Paid off in 2003.

 

[ModernGunner]

Never had one.

 

[GLOCKBOY]

-11. Debt free for 11 years. No mortgage, no car payment, no credit card payments (paid in full monthly).

Dave Ramsey works. Though we do have the credit card, we hate debt and payments so much we won't carry a balance.

 

[Gluemanz28]

Two months left to go. Would have been paid off a couple years ago but had to buy half of it back from ex-wife eight years ago.

 

[rockola1971]

Paid balance off 5 months ago. Debt Free.

 

[gregkl]

Wow, nice job folks. But now I feel really bad. Was under 9 years til I accepted a new job in Bloomington and just bought a house with a 20 year mortgage.

I will pay it off in less by making extra principle payments once I am done with the renovations. But I doubt I get it below 10-13 years.

The upside that I keep telling myself is that when I am finished with the reno work here, my home will have as much equity in it as the total value of my home that I sold late last year.

 

[Frosty]

253 years? Oh no, I'm sorry, 22 years

 

[PistolBob]

I like to refinance every three years....tap out that equity cash and buy something nice with it. So I don't think I'll ever be paid off. State owns your property anyway.

 

[CountryBoy19]

I'm under 7 years... I could have it all paid off tomorrow if I wanted, but at 2.875% interest my investments are making me money above and beyond the cost of my mortgage, so I'll ride it out and keep my money in the stock market. If I don't make any extra principle payments I will have it paid off before I turn 36...

 

[Blown71X]

Wrote a 25k check last summer to pay it off (The stars lined up right) and damn it felt good..absolutely NO debt...right up to the point my wife of 27 years decided to screw a coworker.....it is amazing how fast things can go to s*it..........it was fun while it lasted..lol