50 and over. Have you paid off your house?
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Anonymous
| Have you paid off your house? If not, how many more years until it is paid off? Are you renting? |
Anonymous
| 10 years to payoff. We've been extremely lucky and bought in a desirable area, way before it was desirable so the mortgage is ridiculously low. We've done some renos and refinanced, but the last time we refinanced, we did a 15 year so we are back where we should be. I also double pay the principal every month though my husband is worried what we'll do for tax write offs when we do pay it off. I need to talk to a financial/retirement adviser and see what makes sense. |
Anonymous
| 51. Paid off our home and the one we rent out in LeDroit Park. Doubling down on college savings for #2 and #3 because we weren't as vigilante as we should have been |
Anonymous
| Yup. Paid it off two years ago. Kids off to college now, so the timing was great! |
Anonymous
| I'm 52 and we will pay our off soon. Just 28 more years. And a few years after that, I should be ready to retire. The kids college? Uh, no. |
Anonymous
| 53 and it will be paid off in about 8 years. The balance is about 20% of house value. We did an expensive remodel and used a cash out refi for part of it so that slowed down a payoff. |
Anonymous
| Yes. Paid it off when I was 46 and DH was 48. |
Anonymous
| Almost! House will be paid off next year - when we (DH and I) are 48. |
Anonymous
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We could pay it off, but have an interest rate of 3% and decided not to to preserve liquidity.
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Anonymous
| 8 more years to go on both houses - we already bought our retirement house and will have that and our DC area house paid off about five years before retirement. Also, kids' college tuitions are all prepaid. |
Anonymous
This is our situation too. Our mortgage payment of 3k/mo is quite manageable. |
Anonymous
| Yes. 15 year loan, paid in 7. |
Anonymous
| no. about to refinance for 30 more years |
Anonymous
Same, refin'd 33% of value for 3.625%, we can pay it off any day we want several times over but funds are working better elsewhere ... at 2.5% after tax rate, no hurry to prepay or pay off. |
Anonymous
| Yes. We paid it off before I started staying at home with my kid 5 years ago. Through aggressive overpayment and our 2 salaries over $150K (plus $70k from our parents), we paid off over $500K in debt in under 5 years. |