Hurrah - Mortgage Paid off in Eight Years!

[marty21]

I wouldn't be at this desk posting on bloody Urban, I'll tell you that for nowt.

you'd be posting on urban from your own private island

 

[gentlegreen]

I have humbler ambitions - minimum wage, plus all the fruit and veggies I can eat - in the middle of Brittany - by the time I'm 60.

The earlier I go, the poorer I'll be ...

 

[Gromit]

What would you do with your days if you never needed to work again?

Enjoy them maybe. You know like you do on holiday. Or do you take a load of work on hold with you?

There are plenty of way to fill a day other than work.

 

[geminisnake]

What would you do with your days if you never needed to work again?

Your time will get filled believe me. I'm not working just now and don't know how I could fit time to work in sometimes. If I could get some sort of seasonal winter job it would be ok

If we ever have a mortgage it will be paid off quickly coz it'll be low to start with. I will be joining the multitude of gits who buy their council place
Queue to hate me starts here.......

 

[Stoat Boy]

Congratulations.

I am lucky in that I have a house abroad that is fully paid for and just a small mortgage on the one here. Its a nice secure feeling to have, knowing that nobody can ever take it away from you.

Unless of course the Police catch up with me.

Bastards.

 

[Pip]

Your time will get filled believe me. I'm not working just now and don't know how I could fit time to work in sometimes. If I could get some sort of seasonal winter job it would be ok

If we ever have a mortgage it will be paid off quickly coz it'll be low to start with. I will be joining the multitude of gits who buy their council place
Queue to hate me starts here.......

Don't hate the player, hate the game

 

[panpete]

I've just phoned my mortgage company to up my payments and it transpires that I'll have complete paid of my mortgage in eight years. I'll be 43 (gulp -no hurrah for that) then and I'll be FREEEE!

Sorry for smugness but it's much sooner than I thought!

you'll be a fully fledged homeowner

 

[panpete]

I've got ages left, but it might be a building society as landlord thing, depending on if I remortgage part of it, and depending on other money stuff.

My pension pays it so I dont have to think about it every month as its quite a hefty debt for a small bird like me. Still im glad of my home, and I would only have to pay some other fucker rent.

 

[panpete]

I'm 38 and still renting

well done yelkcub, I'm quite in awe!

Renting is ok. you get hassle free moves, and more choice.

 

[Vintage Paw]

I paid off my mortgage last friday.

It was really tiny (although huge to us) anyway. Our house was worth the princely sum of £29k when we bought it in 1999, and our mortgage obviously didn't need to be huge. We took out a 17 year mortgage, and were paying back about £200/mo but I got some inheritence money come through last week so I paid off the balance.

And I'm only 31. That's a pretty fucking good feeling.

 

[Pip]

Jokes aside, it is pretty amazing, and I'm not surprised you're all proud.

 

[panpete]

Im afraid I am a bit clueless about it all.
I know I am getting stung at over 5% interest, given the low rates, but I hate dealing with money so have just left it.
The market is unpredicatable.
If you rent a nice gaff you like why buy?
Personal preference, or circumstances.

*Claps at all those who are morgate free*

 

[Mrs Magpie]

Renting is ok. you get hassle free moves, and more choice.

Not in my world, ask Pip.....

 

[Chairman Meow]

We finally got together a decent deposit to buy about two years ago. Thank fuck we didn't. House prices here are at least a third less than they were then, with still some way to go. With the money my dad has left me I'm hoping to hold tight for a while yet and witha bit of luck buy a house on about a third of the mortgage I would have had two years ago. I will then chuck as much salary as possible at it (if we both still have jobs!) So NOT getting on the property ladder has saved me over €100k in a couple of years. So ya boo sucks to everyone who preached to me about renting being dead money.

So well done on your mortgage free-ness, must be a bloody great feeling.

 

[panpete]

Not in my world, ask Pip.....

Some of my friends had a struggle getting social housing, but it was their first place. Some lived in hostels first. Another friend wants a swap with someone for a smaller place.
I meant, moving from one rented house to another, no chain, no surveys, solicitors, complicated morgate stuff.

 

[rennie]

I have aaaaages still to go on my mortgage. As long as I can afford the monthly payments, I ain'to too bothered about it.

 

[scifisam]

Nice one, Yelkcub - it'll be so nice to not have to worry about paying for the roof over your head.

we got £16k when we left the Housing Association place

I'd get 29k if I moved out to buy a place (you have to buy - you don't just get it for leaving). I'm eligible for keyworker housing too. If there's ever a place available with a garden then I'll do it, but there's no point moving from one gardenless flat to a different gardenless flat that costs more.

 

[geminisnake]

I'd get 29k if I moved out to buy a place (you have to buy - you don't just get it for leaving).

Do you have to buy in London sam? 29k would pay about half your mortgage in some places up here.

 

[scifisam]

Do you have to buy in London sam? 29k would pay about half your mortgage in some places up here.

I think so. I wouldn't want to move anyway, even if it were practical in terms of jobs and so on.