When do you think you will be / are you Mortgage free?

MLH1 · 13-02-2015 5:43pm #1

El Horseboxo · 13-02-2015 5:45pm

Now.

Wibbs · 13-02-2015 5:45pm

Mortgage free and debt free. I've never had a loan. I'd be an extreme for that sorta thing mind you.

Menas · 13-02-2015 5:47pm

8 years to go on a 15 year mortgage. Interest rates have been low for most of the 8 years so far, touch wood for the next 7.

ronjo · 13-02-2015 5:47pm

Mortgage free here also...... was up over 500k at one stage though..

13-02-2015 5:49pm

Wibbs wrote: »

Mortgage free and debt free. I've never had a loan. I'd be an extreme for that sorta thing mind you.

Not even something like the credit union? you must be very unusual.

corner of hells · 13-02-2015 5:50pm

Im hoping to be wife free before.mortgage free.

Teyla Emmagan · 13-02-2015 5:50pm

14 years to go! Not that long really.

corner of hells · 13-02-2015 5:52pm

Teyla Emmagan wrote: »

14 years to go! Not that long really.

Teyla ,how you doin' ?

Teyla Emmagan · 13-02-2015 5:53pm

corner of hells wrote: »

Teyla ,how you doin' ?

Were you not just talking about your new girlfriend?!

diomed · 13-02-2015 5:55pm

1992

The Backwards Man · 13-02-2015 6:05pm

Seven years mortgage free, two years debt free. Never again, I hope.

MagicMarker · 13-02-2015 6:08pm

After many years, I am now 100% debt free, it's feckin' awesome!

corner of hells · 13-02-2015 6:09pm

Teyla Emmagan wrote: »

Were you not just talking about your new girlfriend?!

Yeah , I'm window shopping.......

strobe · 13-02-2015 6:12pm

mariaalice wrote: »

Not even something like the credit union? you must be very unusual.

I'm the same, never borrowed money. When I wanted something I couldn't afford right away, I worked like a dog and saved like a... what's the saving animal, cat, squirrel?, I'll go with squirrel I guess, and then when I could afford it I bought it.

It obviously wouldn't be feasible if I wanted to buy a house. And if I did I'd get a mortgage probably. But I don't want to buy a house.

*Edit: well I do have a credit card for paying for things online, and that's technically a high interest short term loan, so there is that.

c_man · 13-02-2015 6:13pm

I'm mortgage free. And house free too!

Ghost Buster · 13-02-2015 6:43pm

Inherited my wifes ramshackle old home place last summer. Its a doer upper but nice. Theres about 6 years left on our own so the very moment prices improve that's on the market baby!

ytpe2r5bxkn0c1 · 13-02-2015 6:58pm

22 years ago. Aah, sweet memories of 13%+ interest rates.

blackbird 49 · 13-02-2015 7:11pm

4 yrs left on my mortgage, got married in 1991 we are living in our third and I might add last house since 99' just before house prices went mad. Can't wait to be mortgage free but I suppose their is always a hole for something else to be paid.

Gongoozler · 13-02-2015 7:13pm

mariaalice wrote: »

Not even something like the credit union? you must be very unusual.

Yeah I've never had a loan. Not even entirely sure what an overdraft is.

One further than strobe though, i don't have a credit card

Lia_lia · 13-02-2015 7:15pm

I am debt free. Never in my life had a loan. Don't have a mortgage either though. Woohoo renting! Probably will buy a house in a few years, haven't really decided yet.

The Peanut · 13-02-2015 7:17pm

Wibbs wrote: »

Mortgage free and debt free. I've never had a loan. I'd be an extreme for that sorta thing mind you.

Ditto. My dad worked ridiculous hours when we were younger to keep a business afloat. Drilled the concept of don't buy if you don't have it into us. I've been lucky enough to maintain employment since I left college. No mortgage, no debt.

December2012 · 13-02-2015 7:22pm

How many of those of you that are mortgage free own the property you live in?

I know strictly speaking if I was renting I would be mortgage free, but that's not quite the same as having a home already paid for.

All things going as they are presently we will own our home outright in 15 years.

The Peanut · 13-02-2015 7:29pm

December2012 wrote: »

How many of those of you that are mortgage free own the property you live in?

I know strictly speaking if I was renting I would be mortgage free, but that's not quite the same as having a home already paid for.

All things going as they are presently we will own our home outright in 15 years.

We own our house, no mortgage.

genericguy · 13-02-2015 7:30pm

Buying soon. Will be mortgage free within 5 years.

padd b1975 · 13-02-2015 7:31pm

27 years mortgage payments left!

VandC · 13-02-2015 7:37pm

two months in to a mortgage

fml :-/

Buona Fortuna · 13-02-2015 7:45pm

2008 - best day of my life - so far.

mikom · 13-02-2015 7:46pm

Own my own house outright and I have no debt.
Not bad going for a pothead..........

hairyslug · 13-02-2015 7:49pm

34 years, so any day now

piperh · 13-02-2015 7:51pm

4 yrs ago. No loans, credit cards or mortgage.

deise08 · 13-02-2015 7:54pm

Have 7 years down, another 23 to go

beertons · 13-02-2015 7:57pm

3 years gone, 17 to go.

DebDynamite · 13-02-2015 8:01pm

December2012 wrote: »

How many of those of you that are mortgage free own the property you live in?

I know strictly speaking if I was renting I would be mortgage free, but that's not quite the same as having a home already paid for.

All things going as they are presently we will own our home outright in 15 years.

Same here. Celebratory drinks in 2049? :pac:

Buford T. Justice XIX · 13-02-2015 8:25pm

10 years of mortgage payments left but it's a small mortgage with a ridiculously low tracker rate.

5.5 years of a business loan left and am counting the days till its gone.

For the people who have never had loans, do you forsee any problems when the bank asks about repayment history on loans? It's normally the first thing any bank I have had loans with have asked about.

Pherekydes · 13-02-2015 10:27pm

Received the deeds only two weeks ago.

boobar · 13-02-2015 10:29pm

20 more years

Would settle for 15

anncoates · 13-02-2015 10:32pm

Hopefully in 10 years.

Tarzana2 · 13-02-2015 10:32pm

Buford T. Justice V wrote: »

For the people who have never had loans, do you forsee any problems when the bank asks about repayment history on loans? It's normally the first thing any bank I have had loans with have asked about.

I'm guessing they're not planning on applying for a loan in the future.

thesimpsons · 13-02-2015 10:33pm

12 years left officially but have reduced it to 7 yrs by overpaying. on low tracker now thankfully but do remember interest rates of 15% back in early 1990s. no other loans.

Agent Smyth · 13-02-2015 10:50pm

Have the money to pay both my mortgages but cant decide what to do.
One is variable rate, so most likely pay that off
But other is tracker, cant make up my mind.

Ihatecuddles · 13-02-2015 10:53pm

Mortgage free and debt free at 23.

That rhymes

SEPT 23 1989 · 13-02-2015 10:54pm

when i win the lotto or go bankrupt

13-02-2015 10:55pm

no mortgage, no interest

Andrewf20 · 13-02-2015 10:57pm

A few decades. I could go bananas paying it off but I'm choosing to enjoy life to a fair degree. I'll pay / have been paying off a few lump sums once the budget allows.

efb · 13-02-2015 10:57pm

2040

13-02-2015 10:58pm

Got my annual statement the other day. I have 96months left. Not too long really. Planning how to spend all the extra money already.

Moonbeam · 13-02-2015 10:59pm

Hope to have both mortgage cleared in the next 12 years but that might be optimism. it will be when the eldest starts college.

Bob24 · 13-02-2015 11:03pm

Buford T. Justice V wrote: »

For the people who have never had loans, do you forsee any problems when the bank asks about repayment history on loans? It's normally the first thing any bank I have had loans with have asked about.

Recently applied for a mortgage and this didn't seem to be an issue as I could show monthly transfers to a saving account for the past few years.

Greentopia · 13-02-2015 11:03pm

Mortgage free and debt free. Inherited Mum's house when she passed away last year.

Never had any debts in my life and never want to. Not even credit card. Parents instilled a Germanic like prudence with money and importance placed on regular savings. Very thankful for that.

Wabbit Ears · 13-02-2015 11:08pm

12 years done , 8 to go on two mortgages.

When do you think you will be / are you Mortgage free?

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