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re: When did you buy your house? When will it be paid off?

Posted on 2/24/16 at 9:08 am to
Posted by RandySavage
Member since May 2012
30971 posts
Posted on 2/24/16 at 9:08 am to
2009, if I stay in this house I hope to pay it off around 2025.
Posted by DrewDawg13
Athens
Member since Apr 2015
3498 posts
Posted on 2/24/16 at 9:38 am to
Bought in 2014, should be paid off no later than 2025, hopefully earlier than that though.
Posted by Jag_Warrior
Virginia
Member since May 2015
4184 posts
Posted on 2/24/16 at 12:19 pm to
Built it in 2006. The last refi put me at 3% on a 30 year fixed. 30 year fixed at 3% and no points - I felt like I'd robbed the bank when I signed the documents. I have no plans to pay this off prior to sale. I plan to sell it and move into another (free & clear) property that I have, which is closer to town, in 10 years or so.

I'd like to sell it and offer owner financing (using a wrap-around), assuming mortgage rates are in the 5-6% range by then. But the current situation with due on sale clauses creates too many legal complications.
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