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re: When did you buy your house? When will it be paid off?
Posted on 2/23/16 at 5:29 pm to TigerDeBaiter
Posted on 2/23/16 at 5:29 pm to TigerDeBaiter
Bought this house in 2014. We will sell it before we pay it off. 3.75 is almost free money over 30 years. So while we throw an extra hundred at it every month, we won't be in it for 20 years. I think we will sell in the next 5.
1
Posted on 2/23/16 at 6:40 pm to Hawkeye95
Bought in 2002, interest rates dropped due to 9/11.
Paid it off in 2008.
(In '05 Katrina blew my 2nd floor off, did a lot of the rebuilding myself with family, friends, used the remaining funds to pay it off)
Paid it off in 2008.
(In '05 Katrina blew my 2nd floor off, did a lot of the rebuilding myself with family, friends, used the remaining funds to pay it off)
Posted on 2/23/16 at 6:58 pm to TigerintheNO
Bought in 15. Will be paid off by 2030.
Posted on 2/23/16 at 10:35 pm to PeteRose
Primary residence built in 2008, paid off last year
Cabin at lake purchased 2007, will be paid off in 5 years
Cabin at lake purchased 2007, will be paid off in 5 years
Posted on 2/24/16 at 7:07 am to PeteRose
Paid cash for a fixer-upper in 2001. Remodeled it myself over 10 years paying cash only.
Posted on 2/24/16 at 7:45 am to PeteRose
Bought in 2014. Hopefully have it paid in 15 years, puts me at 2029. So. Far. Away.
Posted on 2/24/16 at 7:58 am to PeteRose
Summer 2013. I just want to pay PMI off... Still probably a good 18 months away from that unfortunately.
Posted on 2/24/16 at 8:03 am to PeteRose
Bought current home in August of last year. Put 35% down and plan on having it paid off by 2030.
Posted on 2/24/16 at 9:04 am to ItNeverRains
quote:You balling?
In no hurry to pay off 3% money of which I write off a large portion at tax time
With only a 3% int rate that must be an expensive arse house to have you write off alot come tax time. I still standardize. Cheap house problems This post was edited on 2/24/16 at 9:05 am
Posted on 2/24/16 at 9:08 am to PeteRose
2009, if I stay in this house I hope to pay it off around 2025.
Posted on 2/24/16 at 9:38 am to PeteRose
Bought in 2014, should be paid off no later than 2025, hopefully earlier than that though.
Posted on 2/24/16 at 12:19 pm to PeteRose
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.
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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