# How old will you be when you pay off your house? **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [March 19, 2009, 10:16am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763 "2009-03-19T10:16:55Z")\ **Posts on this page:** 20\ **Page:** 1
**Author:** ![SilverGT](https://avatars.discourse-cdn.com/v4/letter/s/8dc957/32.png) [@SilverGT](https://forums.speedlife.net/u/SilverGT)\ **Post date:** [March 19, 2009, 10:16am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/1 "2009-03-19T10:16:55Z")
I was just fiddling the numbers around and I took out a 30 year fixed mortgage at 4.375% I will be 37 years old when I finish my mortgage if I continue to make my mortgage payments with the extra curtailment. How old were you when you finished paying off your mortgage? How old will you be? What is the average age? ---
**Author:** ![Xander](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/xander/32/7597_2.png) [@Xander](https://forums.speedlife.net/u/Xander)\ **Post date:** [March 19, 2009, 10:19am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/2 "2009-03-19T10:19:18Z")
Who cares, Taxes and Insurance are still gonna be there and you can’t write that off. X… ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [March 19, 2009, 10:20am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/3 "2009-03-19T10:20:18Z")
I will be in no hurry. I would rather use my cash elsewhere. ---
**Author:** ![Pauly](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/pauly/32/7493_2.png) [@Pauly](https://forums.speedlife.net/u/Pauly)\ **Post date:** [March 19, 2009, 10:20am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/4 "2009-03-19T10:20:43Z")
first house bought at 25 paid by 31 bought my second cash then year later took out small mortgage to buy car/make house improvments/remodel. If the market didnt tank i’d be early again but now will wait for 15 to expire at 47 ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [March 19, 2009, 10:21am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/5 "2009-03-19T10:21:01Z")
87 ---
**Author:** ![deebo](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/deebo/32/5218_2.png) [@deebo](https://forums.speedlife.net/u/deebo)\ **Post date:** [March 19, 2009, 10:21am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/6 "2009-03-19T10:21:02Z")
so you’re 7 years old? Chances are you’re not going to pay the mortage off before 25years unless it’s sub 150k ---
**Author:** ![99\_civic\_si](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/99_civic_si/32/7319_2.png) [@99\_civic\_si](https://forums.speedlife.net/u/99_civic_si)\ **Post date:** [March 19, 2009, 10:21am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/7 "2009-03-19T10:21:22Z")
nice…haven’t purchased a house yet but I’m shooting for a 50% down payment on a ~120k home. If I live at home for another year it should be no problem. However with interest rates kicking ass I may have to pony up and buy sooner than later. I’m 27 now and plan to have a house paid for by 35ish ---
**Author:** ![system](https://canada1.discourse-cdn.com/flex034/uploads/speedlife/original/2X/b/b7170c8eddc0b95ece6b88172b2f416a08489a45.png) [@system](https://forums.speedlife.net/u/system)\ **Post date:** [March 19, 2009, 10:22am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/8 "2009-03-19T10:22:35Z")
> [@99\_civic\_si](#): > > nice…haven’t purchased a house yet but I’m shooting for a 50% down payment on a ~120k home. If I live at home for another year it should be no problem. However with interest rates kicking ass I may have to pony up and buy sooner than later. I’m 27 now and plan to have a house paid for by 35ish :tup: You ever get my pm mang? ---
**Author:** ![MOBOOST4U](https://avatars.discourse-cdn.com/v4/letter/m/f4b2a3/32.png) [@MOBOOST4U](https://forums.speedlife.net/u/MOBOOST4U)\ **Post date:** [March 19, 2009, 10:22am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/9 "2009-03-19T10:22:51Z")
> [@cougarspeed](#): > > I will be in no hurry. I would rather use my cash elsewhere. +1 I would like a nice elegant house or maybe even two, but toys are my first priority. The wife on the other hand, might not agree with that mindset lol. ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [March 19, 2009, 10:23am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/10 "2009-03-19T10:23:48Z")
> [@Fry](#): > > 87 Sounds about right. > [@deebo](#): > > so you’re 7 years old? Chances are you’re not going to pay the mortage off before 25years > unless it’s sub 150k I think you are confused. ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [March 19, 2009, 10:25am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/11 "2009-03-19T10:25:13Z")
> [@MOBOOST4U](#): > > +1 > > I would like a nice elegant house or maybe even two, but toys are my first priority. The wife on the other hand, might not agree with that mindset lol. Yea if I really had expendable income i would use it for a combo of toys and other investments. I want a Ferrari 360 pretty damn bad! ---
**Author:** ![Viper966](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/viper966/32/7268_2.png) [@Viper966](https://forums.speedlife.net/u/Viper966)\ **Post date:** [March 19, 2009, 10:25am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/12 "2009-03-19T10:25:32Z")
55 ---
**Author:** ![SilverGT](https://avatars.discourse-cdn.com/v4/letter/s/8dc957/32.png) [@SilverGT](https://forums.speedlife.net/u/SilverGT)\ **Post date:** [March 19, 2009, 10:26am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/13 "2009-03-19T10:26:24Z")
> [@deebo](#): > > so you’re 7 years old? Chances are you’re not going to pay the mortage off before 25years > unless it’s sub 150k I’m 24. payoff in about 13 years. ---
**Author:** ![deebo](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/deebo/32/5218_2.png) [@deebo](https://forums.speedlife.net/u/deebo)\ **Post date:** [March 19, 2009, 10:28am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/14 "2009-03-19T10:28:28Z")
Ok. if i took out a 60month loan for a 40k car, technically it would be paid off in 2 years or less. but it wouldnt be, because i did not factor in bills, gas money, insurance, if anything goes wrong. if i get fired, if i wanted to go on vacation, if a baby popped out of the girls vajayjay. there are so many factors to consider, maybe after paying for about 5years you could project. but not 1min after getting a loan ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [March 19, 2009, 10:29am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/15 "2009-03-19T10:29:43Z")
> [@deebo](#): > > Ok. > if i took out a 60month loan for a 40k car, technically it would be paid off in 2 years or less. but it wouldnt be, because i did not factor in bills, gas money, insurance, if anything goes wrong. if i get fired, if i wanted to go on vacation, if a baby popped out of the girls vajayjay. there are so many factors to consider, maybe after paying for about 5years you could project. but not 1min after getting a loan I am sure us adults have thought about this type of thing. ---
**Author:** ![Deathproof](https://avatars.discourse-cdn.com/v4/letter/d/dec6dc/32.png) [@Deathproof](https://forums.speedlife.net/u/Deathproof)\ **Post date:** [March 19, 2009, 10:29am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/16 "2009-03-19T10:29:58Z")
> [@deebo](#): > > so you’re 7 years old? Chances are you’re not going to pay the mortage off before 25years > unless it’s sub 150k you got into college? ---
**Author:** ![Fry](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/fry/32/7284_2.png) [@Fry](https://forums.speedlife.net/u/Fry)\ **Post date:** [March 19, 2009, 10:34am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/17 "2009-03-19T10:34:20Z")
> [@deebo](#): > > Ok. > if i took out a 60month loan for a 40k car, technically it would be paid off in 2 years or less. but it wouldnt be, because i did not factor in bills, gas money, insurance, if anything goes wrong. if i get fired, if i wanted to go on vacation, if a baby popped out of the girls vajayjay. there are so many factors to consider, maybe after paying for about 5years you could project. but not 1min after getting a loan ---
**Author:** ![deebo](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/deebo/32/5218_2.png) [@deebo](https://forums.speedlife.net/u/deebo)\ **Post date:** [March 19, 2009, 10:36am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/18 "2009-03-19T10:36:11Z")
no i did not. are you paying with just YOUR salary, is it a combined salary? does your wife pay the mortgage and you pay everything else. If you went into this buy, by yourself then yes, it would take almost the full term. i could buy a house with 5 college room mates and have it paid off in 4 years :gotme: ---
**Author:** ![93dx\_hatch](https://avatars.discourse-cdn.com/v4/letter/9/90ced4/32.png) [@93dx\_hatch](https://forums.speedlife.net/u/93dx_hatch)\ **Post date:** [March 19, 2009, 10:45am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/19 "2009-03-19T10:45:18Z")
when/where did you get a 30 year fixed at 4.375%? ---
**Author:** ![walter](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/walter/32/7202_2.png) [@walter](https://forums.speedlife.net/u/walter)\ **Post date:** [March 19, 2009, 10:45am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/20 "2009-03-19T10:45:19Z")
> [@cougarspeed](#): > > I will be in no hurry. I would rather use my cash elsewhere. what if you lose your job? the only option that is safe is a savings account, and you’ll pay more in interest… [Next page](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763.md?page=2)