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  1. BrotherBart He Who Moderates

    joined: Nov 18, 2005
    21,903 posts
    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. :)
    #1

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    blacktail, n3pro, pen and 16 others like this.
  2. Hearth Mistress Minister of Fire

    joined: Jan 24, 2012
    578 posts
    Point 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 Minister of Fire

    joined: Dec 22, 2008
    2,006 posts
    Schoharie County, N Y
    Congratulations! That's a big pleasure. We have about 20 months left, can't wait.
    Scotty Overkill likes this.
  4. firefighterjake Minister of Fire

    joined: Jul 22, 2008
    13,455 posts
    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.
  5. bubbasdad Member

    joined: Feb 12, 2012
    62 posts
    Howell, Michigan.

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

    joined: Nov 14, 2006
    4,489 posts
    madison hgts. va
    mortgage paid off! major milestone, shame you lose the tax deduction on the interest lol
  7. bmblank Member

    joined: Jan 17, 2013
    191 posts
    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.
    Scotty Overkill likes this.
  8. JustWood Minister of Fire

    joined: Aug 14, 2007
    3,185 posts
    Arrow Bridge,NY
    Congrats BB !
    Paid mine off in my late 20's.
    Great feeling being debt free or close to it.
    Scotty Overkill likes this.
  9. Dairyman Feeling the Heat

    joined: Nov 15, 2011
    307 posts
    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 He Who Moderates

    joined: Nov 18, 2005
    21,903 posts
    Northern Virginia
    There is no better beer.
    LEES WOOD-CO and Dairyman like this.
  11. nate379 Minister of Fire

    joined: Sep 21, 2010
    3,982 posts
    Palmer, Alaska
    Everytime I look at mine I get depression! Been paying for almost 5 years and have barely knock 10k off.
  12. PapaDave Minister of Fire

    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 Minister of Fire

    That's great! I'm about 9 1/2 years into a 30 year. Must be a good feeling.
  14. 343amc Feeling the Heat

    joined: Nov 23, 2005
    295 posts
    West Michigan
    Congrats. Four more years for me before I can have a 'burn the mortgage papers' party.
    raybonz and PapaDave like this.
  15. Scotty Overkill firewood hoarder

    joined: Sep 24, 2011
    6,761 posts
    central PA
    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 Minister of Fire

    joined: Dec 22, 2010
    849 posts
    Southeastern PA
    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 Minister of Fire

    joined: Jan 17, 2010
    1,454 posts
    Quebec, Canada
    COngrats BB! That must be a great feeling. Feel free to contribute to mine. :D

    Andrew
  18. NortheastAl Member

    joined: Dec 30, 2012
    217 posts
    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 Minister of Fire

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

    joined: Aug 2, 2006
    11,254 posts
    Northern Illinois
    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 Super Moderator

    joined: Nov 18, 2005
    36,113 posts
    South Puget Sound, WA
    Congratulation Bart. One of the greatest freedoms in this world is debt freedom.
  22. BrotherBart He Who Moderates

    joined: Nov 18, 2005
    21,903 posts
    Northern Virginia
    Now I get to pony up for the new roof. <>
  23. Jack Straw Minister of Fire

    joined: Dec 22, 2008
    2,006 posts
    Schoharie County, N Y
    Seems to be code around here
    [IMG]
    PapaDave, milleo and bubbasdad like this.
  24. Seasoned Oak Minister of Fire

    joined: Oct 17, 2008
    2,016 posts
    Eastern Central PA
    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 Minister of Fire

    joined: Oct 17, 2008
    2,016 posts
    Eastern Central PA
    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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