Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

1 Bump

How old were you when you bought your first home?

How old were you when you paid it off?

Answer Question

Asked by 3Beautiful_Bugs at 11:21 PM on Jun. 30, 2011 in Money & Work

Level 5 (63 Credits)
Answers (14)
  • 23 when we bought it and 28 when we lost it to foreclosure.


    Answer by Anonymous at 11:22 PM on Jun. 30, 2011

  • 21 and we're still paying, it's been about 10 years since we bought it and we refinanced to get money back for home it's worth a whole more than what we owe!

    Answer by how_reb at 11:24 PM on Jun. 30, 2011

  • 21.....and it will be paid off in ten years. I am lucky to have a father who gave me the big dream wedding in the form of a down payment on a home.

    Answer by southernbelletx at 11:34 PM on Jun. 30, 2011

  • 27. Just 4 yrs ago. We probably won't live here long enough to pay it off.

    Answer by Trinity001 at 11:37 PM on Jun. 30, 2011

  • 35. And, I'll be a ripe old 65 when it is paid off . . .just in time to retire.

    Answer by ImaginationMama at 12:01 AM on Jul. 1, 2011

  • 24 and in this economy we'll NEVER pay it off. Property taxes keep going up while the value of the homes go down!

    Answer by Kathy675 at 12:01 AM on Jul. 1, 2011

  • We paid cash for a 5 bedroom 4 bath 4500 sqft home at 30. We decided to buy our first home with no debt so we saved lived in a small apartment until we could afford to buy our dream home. We had our first child a year after we moved in the house.

    Answer by Anonymous at 12:05 AM on Jul. 1, 2011

  • Bought the first at 22. Sold it at 30. Bought the second at 35 and got rid of it in the divorce. I will never go back to buying. I like the freedom of renting. LOL!!!

    Answer by m-avi at 12:40 AM on Jul. 1, 2011

  • I was 38. I got married at 33. A year after DD was born, DH's bachelor pad (house) had gotten too small for a family so we sold it and bought 5 miles away. We're on our 4th mortgage whch should be paid off in about 6 years. I'll be 58 then.

    Answer by JSD24 at 11:49 AM on Jul. 1, 2011

  • We had just turned 20 when we bought our first home. It was a $95,000 fixer in really rough shape. We remodeled it and sold it for $147,000 and moved to Las Vegas. We rented for a bit until we knew the area and then bought our second house when we were 29. We're 32 now and my goal is to pay it off sometime in the next 3 years.

    Answer by JulieJacobKyle at 1:08 PM on Jul. 1, 2011

Join CafeMom now to contribute your answer and become part of our community. It's free and takes just a minute.