Author Topic: I have no one else to share this with: We paid off our mortgage!  (Read 3561 times)

julia

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My husband and I (late 20's) just paid off our mortgage and even though it was a financially stupid idea with our 1.80% interest rate,  it just feels so good to have no debt. We keep our finances private so I had no one else to share the excitement with.

deborah

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #1 on: March 26, 2022, 06:10:13 PM »
Congratulations!

Sibley

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #2 on: March 26, 2022, 06:31:12 PM »
Whoo! That's awesome. Shovel that money into investments now.

Kris

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #3 on: March 26, 2022, 06:39:07 PM »
Congrats! It’s a great feeling.

MagneticNorth

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #4 on: March 26, 2022, 07:05:39 PM »
Congratulations! We did the same thing a year or so ago, even though we had very low interest rates, and I still don't regret it. It is such a relief to be debt-free and know that we can get our monthly expenses very low if we need to.

SunnyDays

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #5 on: March 26, 2022, 08:28:30 PM »
That’s great!  I paid off my mortgage quickly too at a young age and there is just no better feeling than owning your home outright.  I felt such a sense of security.  Congratulations!

moof

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #6 on: March 26, 2022, 09:10:32 PM »
Way to go!

travel2020

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #7 on: March 26, 2022, 09:32:07 PM »
Congratulations!! That’s quite an accomplishment for someone in their late 20’s. I barely had a positive net worth at that age :)

comicguy

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #8 on: March 27, 2022, 05:14:39 AM »
Congrats!! That is awesome!

BikeFanatic

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #9 on: March 27, 2022, 05:50:58 AM »
There are Many on here who will say you are loosing money paying off the mortgage, and they may be correct. But that feeling of
being debt free, of owning your own home outright and not having to pay rent either, puts you so far ahead of most people and the stress relief is worth it. I love that my expenses can be super low ( and my income also) because I have less risk in my life.
If I loose my job or take a paycut or want to take a year off I know my expenses are already low and less complicated.

For retirees it is less income that you have to take from your investments, may makes the tax time less complicated.
Just the head space it opens up is so worth it for me. Now as someone said continue to save and invest that mortgage payment!

Fishindude

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #10 on: March 27, 2022, 07:56:33 AM »
Good job, congrats !

Ch@d

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #11 on: March 27, 2022, 07:58:24 AM »
Congratulations!  That's an amazingly young age for that accomplishment!  I wasn't as young, but I know the feeling.  I don't post much, but this is why I love this site.  the positive energy is amazing. :D

SavinMaven

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #12 on: March 27, 2022, 08:22:11 AM »
Congratulations! That is a huge milestone and to hit it so young is amazing. The sky's the limit for you!

iris lily

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #13 on: March 27, 2022, 09:51:36 AM »
Fabulous!

Dr. Pepper

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #14 on: March 27, 2022, 09:57:51 AM »
Awesome!

bmjohnson35

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #15 on: March 27, 2022, 12:14:05 PM »

Congrats indeed! 

Silrossi46

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #16 on: March 27, 2022, 02:34:53 PM »
Woohoo now you just have the tax man to worry about.  And utilities of course.  Living in the hcol area I call the northeast my tax bill amounts to 1200 a month.  Feels like a damn mortgage all over again!

Wolfpack Mustachian

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #17 on: March 27, 2022, 04:06:59 PM »
Congrats! I feel you on wanting to share somewhere but not feeling comfortable in person. It's a shame that sharing new vehicles is the norm but not cool stuff like this. Feel free to share news like this here anytime!

MisterA

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #18 on: March 28, 2022, 06:01:00 AM »
Congratulations, from the UK. It's peace of mind, a home of your own.

Dicey

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #19 on: March 28, 2022, 06:51:46 AM »
Woohoo now you just have the tax man to worry about.  And utilities of course.  Living in the hcol area I call the northeast my tax bill amounts to 1200 a month.  Feels like a damn mortgage all over again!
I hear you! My property taxes are about the same as yours. Plus, my utilities have skyrocketed. Now it feels like a mortgage and a car payment!

Just Joe

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #20 on: March 28, 2022, 07:40:24 AM »
I want to be you when I grow up! ;)

Congrats! Seriously, DW and I look forward to being able to do that eventually.

Duke03

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #21 on: March 28, 2022, 08:59:08 AM »
Congrats!!!  After going back and forth for almost a year whether we should pay our home off we decided to pay it off last month.  Words can't describe the feeling of relief I've felt in the last few weeks.  Being a single income household, it has really lifted a burden off my shoulders that I really didn't even knew existed. 

Phenix

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #22 on: March 28, 2022, 09:21:23 AM »
Glad to see so much support in this thread, Congrats to you!
My wife and I decided to pay off our mortgage at the end of 2020 and we've had zero regrets about it.

Jack0Life

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #23 on: March 28, 2022, 12:34:58 PM »
Dang, paying off a 1.80% mortgage ??

Focus_on_the_fire

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #24 on: April 02, 2022, 10:17:49 AM »
Yeah you guys! Super impressed. It's really the greatest feeling ever. Congrats.

ca-rn

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #25 on: April 02, 2022, 01:34:31 PM »
Wow, Congrats and what an AMAZING accomplishment especially being in your 20's!!!!!

I didn't buy a home until my mid 30's!  And still paying it off- 6 more years to go...

Congrats again!

sisto

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #26 on: April 02, 2022, 01:56:08 PM »
Congratulations! What a great accomplishment. I'm normally in the Don't Pay Off your Mortgage club, but recently changing my tune since it makes more financial sense for me now. Things did not go according to plan, but worked out well anyway. I'm finding myself in a position to where it will work out better tax wise to pay off the mortgage and plan to do so soon.

big_owl

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #27 on: April 02, 2022, 02:37:00 PM »
We paid off our primary mortgage in 2020 and it's been so liberating.  I don't answer to anybody (other than the county tax man) and it's awesome going to bed at night knowing the bank doesn't own our home.

We just bought a couple hundred acres on a mountain and paid cash, and again, it's awesome knowing the bank doesn't own any of that shit. 

Well done, don't listen to the haters.  The bank owns their real estate no matter what random math rationale they might come up with. 

shureShote

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #28 on: April 02, 2022, 04:08:31 PM »
That’s awesome! Regardless of one’s position on the balance of math and emotion, when the last payment clears, it has to feel great.

Now be sure to invest that house payment amount. And of course check the paperwork after a bit.

LoanShark

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #29 on: April 03, 2022, 06:32:34 PM »
Congrats! Great peace of mind.

Bigjones

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #30 on: April 05, 2022, 01:21:02 PM »
CONGRATS!!!! Us too recently however we are 50yrs old but still just as enthusiastic!~

FirePaddle

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Re: I have no one else to share this with: We paid off our mortgage!
« Reply #31 on: April 11, 2022, 03:48:16 PM »
Congrats! We have 3.5% rate but have been paying extra each month to pay it off sooner, but also investing at the same time. We've been doing this for 12 years now. We're at the point where we could easily make that last payment to get rid of it, and it's so tempting, but I think it's wise not to sell investments now unless we have to. Soon though, we'll join the club with you.

Nice job!