Offices Conveniently Located in Broward, Palm Beach, Martin, St. Lucie, Lee, Orange, Hillsborough, & Duval Counties

21 Million Americans have Paid-Off Mortgages

Paid-Off Mortgages

The number of paid-off mortgages is pretty high.

According to a Zillow analysis, about 21 million Americans (or 29.3 percent of homeowners) own homes unencumbered by mortgages. Out of these, the largest group composed of 65-74-year-olds makes up about 20 percent. Also, Zillow found 34.5 percent of 20-24-year-olds are also own their homes outright. Only 28 percent of homeowners in the Miami-Fort Lauderdale area are debt-free, i.e., have paid-off mortgages; compared to 33 percent in Tampa.

If you have questions about foreclosure, loan modification, bankruptcy, or other alternatives, please feel free to call my office at 888-886-0020, send an e-mail to emil@fleysherlaw.com, or complete the contact form below.

Return to Our Website

Search