Author Topic: Eliminated my mortgage  (Read 3606 times)

tct

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Eliminated my mortgage
« on: September 28, 2017, 10:22:21 AM »
Finished building/moving into my new home this month. Sold my old home, reduced my debt by 180k, eliminated my mortgage, and now live in a smaller, more efficient, simpler, paid off house.

tct

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Re: Eliminated my mortgage
« Reply #1 on: September 28, 2017, 10:29:53 AM »
Increased my savings rate to 57% as well.

dandarc

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Re: Eliminated my mortgage
« Reply #2 on: September 28, 2017, 10:30:29 AM »
Congratulations!

rab-bit

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Re: Eliminated my mortgage
« Reply #3 on: September 28, 2017, 10:31:43 AM »
Congratulations and welcome to the free-and-clear club!

freeatlast

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Re: Eliminated my mortgage
« Reply #4 on: October 07, 2017, 12:32:48 PM »
Congrats! I just got rid of my mortgage as well this week.  Isn't it an awesome feeling? Congrats again!!!!!

skiddieleet

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Re: Eliminated my mortgage
« Reply #5 on: October 08, 2017, 08:28:29 AM »
Awesome, congrats!  I'm hoping to do this as well in the next 5 years or so.

Brother Esau

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Re: Eliminated my mortgage
« Reply #6 on: October 09, 2017, 06:41:19 PM »
Nice!

Car Jack

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Re: Eliminated my mortgage
« Reply #7 on: October 10, 2017, 11:00:52 AM »
It's great to get to near the 1st of the month and get ready to write that mortgage check for........zero dollars, eh?

tct

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Re: Eliminated my mortgage
« Reply #8 on: October 11, 2017, 11:39:48 AM »
Congrats! I just got rid of my mortgage as well this week.  Isn't it an awesome feeling? Congrats again!!!!!
Thank You. Congrats on your accomplishment as well. I do feel a sense of added freedom.

ChpBstrd

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Re: Eliminated my mortgage
« Reply #9 on: October 11, 2017, 11:43:41 AM »
I'm looking at an opportunity to downsize from my clown mansion. I could almost pay for the house I'm considering with the equity I have in the clown mansion. In other words, spending almost nothing out of pocket, I could eliminate the next 25 years of 10k/yr mortgage paymemts and still have a nice place to live.

v8rx7guy

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Re: Eliminated my mortgage
« Reply #10 on: October 11, 2017, 12:09:35 PM »
Congrats... I am jealous!

elaine amj

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Re: Eliminated my mortgage
« Reply #11 on: October 11, 2017, 12:29:58 PM »
Congratulations!! We got rid of ours last year and it felt sooo good :)

acroy

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Re: Eliminated my mortgage
« Reply #12 on: October 11, 2017, 12:37:51 PM »
badass!!

chasesfish

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Re: Eliminated my mortgage
« Reply #13 on: October 15, 2017, 08:34:57 AM »
Congratulations!  What an awesome accomplishment

SwordGuy

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Re: Eliminated my mortgage
« Reply #14 on: October 25, 2017, 05:20:55 PM »
Congrats!

ACyclist

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Re: Eliminated my mortgage
« Reply #15 on: October 30, 2017, 07:10:58 PM »
Fantastic.  We are almost there.  11 months left on our primary residence.  We paid off a rental a couple years back. 

terran

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Re: Eliminated my mortgage
« Reply #16 on: October 30, 2017, 09:33:41 PM »
Congrats! Care to share the story of your build? Did you build it yourself or did you hire a builder?

tct

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Re: Eliminated my mortgage
« Reply #17 on: October 31, 2017, 10:19:52 AM »
Congrats! Care to share the story of your build? Did you build it yourself or did you hire a builder?
Built it myself. Acted as the general and did my own plumbing, trim, windows, while hiring others to help me with electric, framing, dirt work and completely subbing out concrete, drywall, lathing, stucco, hvac, roofing, tile, carpet, etc.  Took me about 8 months start to finish. Very happy with my new home.

Dicey

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Re: Eliminated my mortgage
« Reply #18 on: November 09, 2017, 01:03:52 PM »
Congrats!

We did this almost five years ago. I admit I still get twinges of remorse when I see how crazy low mortgage rates continue to be. Who knew?

I am very glad to see that your savin4gs rate is so high. I wince for the folks who chase this goal at the expense of retirement saving. Sounds like you did it right.