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01-09-2006, 11:07 PM #1
When you took your mortgage out for your home, how long was it for
We don't have a mortgage on our home so I can't answer this question. Just curious how long your mortgage was for?
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01-10-2006, 12:34 AM #2
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01-10-2006, 12:40 AM #3
Originally a 30yr. But after 5.5yrs, we refinanced to a 20yr, so total 25.5yrs if we don't pay off early.
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01-10-2006, 12:49 AM #4
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01-10-2006, 12:52 AM #5
Started ar 20 years, refi'd to 15 after 2 years, and now 2 yewars later are down to about 11 years left.
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01-10-2006, 01:02 AM #6
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01-10-2006, 09:28 AM #7
30 years. We've got 29 left but it'll hopefully be done way before that.
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01-10-2006, 09:29 AM #8Super Moderator
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01-10-2006, 09:29 AM #9
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01-10-2006, 03:41 PM #10
We started with a 30 yr loan, but when the rates went down we refinanced into a 15 yr loan. We will be done before that, but I haven't figured up how much yet.
Beak-1996, Toad-1998, and Q-1998
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01-10-2006, 03:52 PM #11
30 yrs. We have lived in our house close to 20 yrs.
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01-10-2006, 04:02 PM #12
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01-10-2006, 04:13 PM #13
In 1993 we started out with a 15 year mortgage. Ran into financial trouble and had to refinance. Had to go 30 years. Refinanced at least 3 times in the last few years; so we're still at 30. We'll probably die and leave it for our kids to pay off. No light at the end of the tunnel!
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01-10-2006, 04:42 PM #14
Started as a 30 year, we paid it in full in 14 years.
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01-10-2006, 06:11 PM #15Registered User
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Forgot to mention-- it will be paid off well before I retire.
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