Woo-Hoo!

$8K?

Ouch. Congrats on the payoff, though. We did the same thing. No debts feels very good.

I think I've got another 2 years.

Way to go Daksy that and super moderator, you are having a hell of year! I also have 2 years to go. My taxes are only $4500

It's not like we get a lot for our taxes, right?

It looks like a big nooooo for the Powerball for any of us around here

Wow congrats daks! We just did a refi here, only 30 years to go

Congrats.

Don't feel bad for me we only bought the house 3 years ago. The rates for a 15 year were not low enough to make that doable, but going to a new 30 cut our rate from 4.75 to 3.5% AND let us drop the PMI and escrows. All told its saving us more per month than Ive gotten in raises the last few years

Figure that once the kids are in school and my wife goes back to work we will start paying extra into the monthly and aim to shavea few years off it.

Yippie-I-Ay!! Wunderful, Daksy. Now, don't be going out and get some mid-life crisis vehicle just cuz you don't have a mortgage.

Great news Daksy.
Now, all that's needed is to move to get rid of the tax bill.

Great! I have about 4-5 years (max) left on the cottage. I always try to makae the monthly and add a little extra to be applied to the principal at that point. Makes quite a difference that way. I hear you about the jump start for the heart from the motorists while on the bike. Around here, it seems that deer are more of a problem, though. Although I've had my share of bad driver encounters also. Ride safe.

So cool! We're trying to knock ours down ASAP.

Congrats! I can't wait to do that.

We're close to paying off the Old House, but a few years out on the Cottage (took a home equity on the Old House to buy it along with savings). Once we get the Cottage fixed up we're going to go through the Old House and fix all the stuff we never finished while living there and rent it out. THEN we should be able to pay off that mortgage and the home equity in 2-3 years since we bought that place cheap and we'll just apply most of the rent and the $$ we save from not paying utility bills right to the principle on the loans while continuing to pay the regular payments. We paid into the principle on the Old House many times over the past 15 years since we bought it, so we'll pay off well before the 30 years on that loan are up.

We're lucky with taxes, both places are small (about 850 and 700 sq feet) w/o central heat so we're not assessed too high-I think the Old House runs about $1,900 a year and the Cottage about $2,200.

House has been paid off for about 4 years, my ratted and rusted out truck for over 6 years. The Dragon Lady has a small car payment and a little bit yet on her kitchen remodel. Man am I glad that I don't have any payments at my age (56). Kids are gone wife has a good job with Bennies (35 years at same place),and my hours are down to 60 hours a week! Golden years my ass!

Gary

Congrats. We'll also be starting a new 30 year refi soon. We're 9 years into the first 30, but the lower rate will be worth it. We can pay off in the same time and spend less money.

DAKSY, you give me hope.

Bought in 2005, second refi was last year into a 15 yr product....14 years to go. Getting (slightly) itchy to do another 15 yr refi....current quotes are 2.375% But they could go lower yet....