Where are you at in your mortgage?

[Sapper PE LS]

House number 1 sooner than house number 2.

 

[Exception Collection]

4.25%

29 years 11 months

63

My mortgage isn't bad at all - about 25% of current income.

That said, there's pretty much no way I'm keeping the house that long. It's in a booming area (Puget Sound), it's a decent home (only a few years old) and it's not my "ideal" home. My plans (I have two - one main one, one backup) are to either:

Keep it in good shape, buy some land in 5 or so years, build my "dream" home (2 stories + basement, probably ICF construction, maybe Nelson trussed upper floor walls instead), and then sell the current home for (x+y) dollars.

or

Keep it, but do an addition to the front (expanding the office) and the back (turning the garage into storage/hobby space, a MIL unit, or something, giving me a new smaller garage, and expanding the "master" suite by about 400 s.f.)

 

[mevans154]

Wait...is this thread a ploy to get all of our PII? If mevans posts a "What's your town of birth" thread, I'm nervous.

Or "who has the wackiest mothers maiden name?"

:Locolaugh:

 

[NJmike PE]

3.75%

29 years

61.5 years old if I don't pay it off early

Same rate and remaining years, 65 yrs old, but only because I did a loan mod within the last year. Prior to the mod:

6.375%

23 years

60 years old

 

[willsee]

No mortgage we rent a house.

 

[Master slacker]

In