https://boards.hellobee.com/ Pregnancy, Baby and Parenting blog, by Hellobee en Sun, 19 Apr 2026 05:25:37 +0000 https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house/page/2#post-1537632 Tue, 01 Apr 2014 15:49:10 +0000 808love 1537632@https://boards.hellobee.com/ <p>@stratosphere: I also live in a super expensive state. Don't give up hope...if that's what you ultimately want to do. I had to get an FHA loan with barely anything down at first. Also, we got a house in an outlying (not prime but up and coming?) neighborhood that could possibly fall down one day, if we aren't careful to maintain. Just want to give you a little encouragement and hope for possibilities in case you want to stay! </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house/page/2#post-1536911 Tue, 01 Apr 2014 13:05:19 +0000 plantains 1536911@https://boards.hellobee.com/ <p>@stratosphere: I know exactly how you feel! </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house/page/2#post-1536283 Tue, 01 Apr 2014 10:19:27 +0000 Mrs. Oatmeal 1536283@https://boards.hellobee.com/ <p>We have a 15 year mortgage, so hopefully in 14 more years! </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house/page/2#post-1536278 Tue, 01 Apr 2014 10:18:35 +0000 808love 1536278@https://boards.hellobee.com/ <p>I am in a hurry bc I want to be in a position to do short term jobs and frequently travel with or to LO as she gets older. With no mortgage I can see that a real possibility. We got a 30 year, 5 years ago with barely nothing down. We quickly paid it down and refi so now we have 14 years left. :happy: </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house/page/2#post-1535621 Mon, 31 Mar 2014 21:50:56 +0000 stratosphere 1535621@https://boards.hellobee.com/ <p>We rent. But I don't think almost anyone in my area pays off their mortgage any faster than the 30-yr repayment schedule unless they sell. When a crappy 2-bedroom apartment in my neighborhood goes for $900,000 and any not-falling-down single family homes (small ones!) start at $1.4m, no one who buys around here is doing anything but making their payments! It's an insane cost of living, though. Just saving up for the required 20% down payment when housing prices are so high is incredibly daunting!!</p> <p>I am impressed at all the Bees who are paying off their mortgages so quickly! I would LOVE to get to that point and have a monthly housing cost of $0!!! But we would definitely have to move to another state to make that happen. </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house/page/2#post-1535592 Mon, 31 Mar 2014 21:22:32 +0000 Mrs. Jacks 1535592@https://boards.hellobee.com/ <p>Our rate is in the low three %s so we're in no hurry! </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house/page/2#post-1535518 Mon, 31 Mar 2014 20:26:22 +0000 photojane 1535518@https://boards.hellobee.com/ <p>I voted other, because we don't plan on paying it off. We're paying extra on the principal every month, so we can sell in a few years. We're going to build our forever home then! </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house/page/2#post-1535511 Mon, 31 Mar 2014 20:22:26 +0000 SleepyMonkey 1535511@https://boards.hellobee.com/ <p>However long we have left on our mortgage or when we sell it. Our rate is so low, we make more money putting it in the markets over the long term or just renting it out. </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house/page/2#post-1535067 Mon, 31 Mar 2014 16:08:36 +0000 lavender 1535067@https://boards.hellobee.com/ <p>No rush, probably will take the whole 30 years to pay it off. </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house/page/2#post-1534827 Mon, 31 Mar 2014 14:29:28 +0000 plantains 1534827@https://boards.hellobee.com/ <p>29 years? The interest rate is pretty low and given how HCOL our area is the price of the property was way too high to do more than just make payments. It just doesn't make financial sense for us to do that. </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house/page/2#post-1520797 Tue, 25 Mar 2014 16:35:15 +0000 spaniellove 1520797@https://boards.hellobee.com/ <p>27 years...our taxes are so high there's just no hope of doing more to pay it off. Plus our interest rate is just so low. </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house/page/2#post-1520781 Tue, 25 Mar 2014 16:28:49 +0000 matador84 1520781@https://boards.hellobee.com/ <p>14 on a 15 yr. will be paid off sooner. </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house/page/2#post-1520777 Tue, 25 Mar 2014 16:26:13 +0000 Raindrop 1520777@https://boards.hellobee.com/ <p>Our original loan we were on track to paying it off in 20 years, but then we refied and our rate was so low we decided to hold off on over paying for now. :) </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house/page/2#post-1520753 Tue, 25 Mar 2014 16:16:28 +0000 Sprite 1520753@https://boards.hellobee.com/ <p>Originally I wanted to start paying our 30 year mortgage off early, but our financial planner advised against it. Reason being because our interest rate is super low, and the estimated return we will get on our investments is a lot more, so it makes sense to funnel our extra money into our investments instead of the house payments. </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house/page/2#post-1520743 Tue, 25 Mar 2014 16:11:48 +0000 Bookish 1520743@https://boards.hellobee.com/ <p>We are in no rush to pay off our house. We have an excellent rate, so I'm good at just paying the monthly payment. We are focusing more on my student loans since they are a much higher interest rate. </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house#post-1520738 Tue, 25 Mar 2014 16:10:07 +0000 doodlepoodle 1520738@https://boards.hellobee.com/ <p>We paid for ours outright, so I voted 'other' </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house#post-1520684 Tue, 25 Mar 2014 15:54:26 +0000 2PeasinaPod 1520684@https://boards.hellobee.com/ <p>25 years for our primary home...though it would be lovely to pay it off sooner. We have 21 years for our property that we rent out. </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house#post-1520677 Tue, 25 Mar 2014 15:51:35 +0000 sunny 1520677@https://boards.hellobee.com/ <p>I think we're at about 11 or 12 years left on our mortgage. We refied from a 30 year to a 15 year year a few years ago. That felt really good! </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house#post-1520225 Tue, 25 Mar 2014 13:38:32 +0000 winniebee 1520225@https://boards.hellobee.com/ <p>We plan to buy a new home in the next few months so....not for awhile :) </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house#post-1520218 Tue, 25 Mar 2014 13:37:12 +0000 LuLu Mom 1520218@https://boards.hellobee.com/ <p>We plan on selling ours before paying it off, but our forever home I hope to have paid off in 20 years, so we are debt free for our older years. </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house#post-1520169 Tue, 25 Mar 2014 13:24:07 +0000 Rainbow Sprinkles 1520169@https://boards.hellobee.com/ <p>We have 22 years left on our 30-year mortgage but hope to be out of this house SOON!!! </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house#post-1520168 Tue, 25 Mar 2014 13:23:48 +0000 Mrs. Pickle 1520168@https://boards.hellobee.com/ <p>About 18 years </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house#post-1520161 Tue, 25 Mar 2014 13:21:35 +0000 Alivoo01 1520161@https://boards.hellobee.com/ <p>We just sold our starter home that was a 15 yr mortgage, and put that towards the down payment for our new home. There's a 30 year mortgage on it, and I don't plan on expediting the pay off.</p> <p>For our two farms, I'd like to pay off one of them in the next 5 years because I'm paying down the principal amount aggressively. It'll also help reduce our debt-to-income ratio. </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house#post-1520155 Tue, 25 Mar 2014 13:20:04 +0000 Dandelion 1520155@https://boards.hellobee.com/ <p>We saved and paid cash for ours. We hate debt and having to pay any interest. </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house#post-1520100 Tue, 25 Mar 2014 13:07:24 +0000 MrsTiz 1520100@https://boards.hellobee.com/ <p>We don't plan to. I have absolutely no desire to live in the house we own now until it's paid off (in 28.5 years!) </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house#post-1520090 Tue, 25 Mar 2014 13:05:29 +0000 lemondrop 1520090@https://boards.hellobee.com/ <p>We have no plans in paying this one off, we are just hoping to break close to even since we have been underwater for most of the time we have owned it. </p> <p>This is our starter home, so we hope to move into something more permanent in several years and will probably only pay that one off 5 or so years early with extra payments. I'd rather make more investments to max out our retirement that can grow for us at a better rate and take our time paying off a house. </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house#post-1519988 Tue, 25 Mar 2014 12:37:23 +0000 avivoca 1519988@https://boards.hellobee.com/ <p>I would love to just live on my husband's salary and throw what I make at our mortgage, but he's not too keen on that idea. I want to talk to him about it though, at least as a way to bolster our savings and make him more comfortable with going back to school one day. </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house#post-1519879 Tue, 25 Mar 2014 12:00:59 +0000 PurplePumps 1519879@https://boards.hellobee.com/ <p>We were originally very motivated to pay off our home early, but after some research, decided that it was not in our best financial interest to do so and plan to use the entire 30 year term to pay it off. We got a very low rate (3.375%) and the money we put in to investments has a greater return than that so that's what we do instead. Also, with inflation and a fixed rate, it should only get easier and easier to manage. The amount owed to the mortgage is essentially worth less and less with time, so there's no point in putting more of "todays" money toward it. </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house#post-1519871 Tue, 25 Mar 2014 11:58:32 +0000 chopsuey 1519871@https://boards.hellobee.com/ <p>The plan is to pay off ours within 3-4 years. DH hates having any kind of debt. </p> https://boards.hellobee.com/topic/whats-your-timeline-for-paying-off-your-house#post-1519865 Tue, 25 Mar 2014 11:58:04 +0000 Mae 1519865@https://boards.hellobee.com/ <p>We have a 30 year mortgage, and will likely just pay it off as scheduled if we stay here that long (undecided, this certainly COULD be our forever home). When we first got this house we had more debt, student loans + 2 car payments + we were planning a wedding. We paid the wedding in cash then started paying extra on the car loans to pay those off faster. Got those paid off and now we're aggressively putting money into various savings accounts to build up a good emergency fund, car fund for our next car, and regular savings. Once we meet our savings goals we'll start being more aggressive about paying down our student loans (which we're already paying off more aggressively than "necessary"). Only after we were totally happy with our savings and had our student loans paid off would we consider putting extra towards our mortgage. </p>