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Small Pleasures. Ya Take'em Where You Can Get'em

Post in 'The Inglenook' started by BrotherBart, Feb 28, 2013.

  1. BrotherBart

    BrotherBart Hearth.com LLC Mid-Atlantic Division Staff Member

    Joined:
    Nov 18, 2005
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    29,153
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    Northern Virginia
    The reminder on my computer reminded me at midnight that the house payment is due.

    The payoff check for the mortgage cleared yesterday. :)
    blacktail, n3pro, pen and 16 others like this.

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  2. Hearth Mistress

    Hearth Mistress Minister of Fire

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    Pt Pleasant, PA (SE PA)
    Congratulations! I'm sooooo jealous! We have awhile to go still but can't wait for that last payment. We split our monthly payment, paying every two weeks so we get a few extra in a year. This way, our 30 year mortgage gets paid off in about 18 years instead. I only ever really realize it coming down when I'm doing our taxes and compare the year to year interest paid on our deductions.
  3. Jack Straw

    Jack Straw Minister of Fire

    Joined:
    Dec 22, 2008
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    2,161
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    Schoharie County, N Y
    Congratulations! That's a big pleasure. We have about 20 months left, can't wait.
    ScotO likes this.
  4. firefighterjake

    firefighterjake Minister of Fire

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    Unity/Bangor, Maine
    New truck I purchased in 2010 should be paid off in June or July as I have been paying double payments every month for some time now . . . and rounding up which has put money against the principal.

    House should be paid off in another four years or so.

    Fiscal responsibility . . . it's a good thing . . . not sure why the government cannot figure it out when this country bumpkin in Maine can figure out what works and what doesn't.
    ScotO and Hearth Mistress like this.
  5. bubbasdad

    bubbasdad Member

    Joined:
    Feb 12, 2012
    Messages:
    97
    Loc:
    Howell, Michigan.

    Congrats!! I think the benefit is more a peace of mind than financial. It's a real sense of freedom.
    ScotO likes this.
  6. stoveguy2esw

    stoveguy2esw Minister of Fire

    Joined:
    Nov 14, 2006
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    Loc:
    madison hgts. va
    mortgage paid off! major milestone, shame you lose the tax deduction on the interest lol
  7. bmblank

    bmblank Minister of Fire

    Joined:
    Jan 17, 2013
    Messages:
    698
    Loc:
    Michigan
    I'll be getting a brand new 30 mortgage shortly to make up for any that are paid off. Sadly, I'm looking forward to it. It'll be nice to have a little walking around money again instead of all loose change going into the building of the house.
    ScotO likes this.
  8. JustWood

    JustWood Minister of Fire

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    Aug 14, 2007
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    Loc:
    Arrow Bridge,NY
    Congrats BB !
    Paid mine off in my late 20's.
    Great feeling being debt free or close to it.
    ScotO likes this.
  9. Dairyman

    Dairyman Feeling the Heat

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    Nov 15, 2011
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    468
    Loc:
    Southwest MO
    That's great BB! What are you going to do with the extra cash, buy a better beer?;lol
    Jack Fate likes this.
  10. BrotherBart

    BrotherBart Hearth.com LLC Mid-Atlantic Division Staff Member

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    Northern Virginia
    There is no better beer.
    LEES WOOD-CO and Dairyman like this.
  11. nate379

    nate379 Guest

    Everytime I look at mine I get depression! Been paying for almost 5 years and have barely knock 10k off.
  12. PapaDave

    PapaDave Minister of Fire

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    Feb 23, 2008
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    Loc:
    Northern MI - in the mitten
    Well, I bet that feels good, BB.
    First 5 years or so goes to interest, it seems.
    We finally noticed a slight shift in interest/principle this year, after being here since '06.
  13. Flatbedford

    Flatbedford Minister of Fire

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    Croton-on-Hudson, suburbs of NYC
    That's great! I'm about 9 1/2 years into a 30 year. Must be a good feeling.
  14. 343amc

    343amc Feeling the Heat

    Joined:
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    Loc:
    West Michigan
    Congrats. Four more years for me before I can have a 'burn the mortgage papers' party.
    raybonz and PapaDave like this.
  15. ScotO

    ScotO Guest

    That has to feel great, BB. Contgratulations! Wifey's 2008 Dodge Grand Caravan will be paid off in 4 months, my car and truck is paid for, the house will be paid off in 8 years but we still owe 12 years on the home equity loan we got to renovate/add an addition. I think we're gonna refinance in a month or so as we'd be saving almost half of what we are paying, we'll keep paying what we do now and put that extra towards the principle.....that should have us totally paid off in around 8 years..........
    woodgeek, 343amc and PapaDave like this.
  16. Stax

    Stax Minister of Fire

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    Congrats BB! That is a huge accomplishment. I don't know about you...but I think I would like my house that much more now that it is paid off.
  17. Swedishchef

    Swedishchef Minister of Fire

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    Quebec, Canada
    COngrats BB! That must be a great feeling. Feel free to contribute to mine. :D

    Andrew
  18. NortheastAl

    NortheastAl Minister of Fire

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    Dec 30, 2012
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    676
    Loc:
    Putnam, NY
    Congrats BB! Another step closer towards freedom. We'll still be enslaved for many a year. The first mortgage will be done in four years, then the equity loan gets heavily worked on. Shoulda never done the equity thing now that I look back.

    Enjoy the extra jingle in your pocket at the end of the month. Might be time for a new stove, eh?
  19. Adios Pantalones

    Adios Pantalones Minister of Fire

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    Hellz yeah bro. Small pleasure my scrawny white butt- it's a game changer.
    PapaDave likes this.
  20. Jags

    Jags Moderate Moderator Staff Member

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    Northern IL
    Agreed (well, not about the scrawny white butt part).

    If it wasn't for the fact that I make more profit from investing the extra cash than my interest costs me, I would gut the house payment.
  21. begreen

    begreen Mooderator Staff Member

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    South Puget Sound, WA
    Congratulation Bart. One of the greatest freedoms in this world is debt freedom.
  22. BrotherBart

    BrotherBart Hearth.com LLC Mid-Atlantic Division Staff Member

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    Now I get to pony up for the new roof. <>
  23. Jack Straw

    Jack Straw Minister of Fire

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    Dec 22, 2008
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    2,161
    Loc:
    Schoharie County, N Y
    Seems to be code around here
    [​IMG]
    PapaDave, milleo and bubbasdad like this.
  24. Seasoned Oak

    Seasoned Oak Minister of Fire

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    So bb How do you plan to celebrate.? Burn the last Pmt stub in the wood stove.? Easy on the wild stuff, hookers and whiskey and such
  25. Seasoned Oak

    Seasoned Oak Minister of Fire

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    BB Being the supreme knowledge base of all things englander, have you ever had the air tubes glow cherry red. First time for me today,windy and cold out with a wicked strong draft. Air was shut down almost all the way. Was wonderin if anyone else experienced that with their 30.

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