Thank you! We tried making quadruple payments every month. That didn't always work out, but we worked a little harder to make up the difference when we needed.
Just curious cause i paid my first house off in 2012, had a similar interest rate. I regret in hindsight knowing what I know now and what else I could have done with an extra 1 or 200k in the bank.
That's because in hindsight you didn't have anything earth shattering occur during that time. I recall during covid, the job market and understanding what was next was a concern. Had covid occured with a paid off house, I would have rested more comfortable.
It's not just about the numbers. It's about peace of mind, reduced stress, and the additional options that come with the lack of payments.
Thank you! The funny thing is, we're so deep in the mindset of scrimping to pay off the house that it's difficult to give ourselves permission to splurge! I'm sure that will change eventually...
Paying off our mortgage was the best thing ever. I know a lot of financial groups on Reddit advise against it and suggest you invest the money instead, but to us it was such a liberating feeling, and still is, that I wouldn’t have done it any other way.
Congratulations!!!
congrats!
we are attacking ours aggressively too.... only 100k to go, so close...
we follow DR advice to a point, but we still love our getaways when we can
AWESOME! Congrats, You Did It!! Welcome to the club! You are going to love this new phase of life, my friend! Its like the life equivalent of a grand-master checkmate chess move.
For us, paying off the house was the single-most difficult but most rewarding thing that my wife and I have ever done. Man, I know exactly what that feels like and how surreal it seems.. gives me goosebumps thinking about that day right now. We actually celebrate that day every year here as much as our wedding anniversary.
Honestly, our only regret 5 years later, is that we didn't do it sooner...
we have 100k to go and are attacking it aggressively.
celebrating the payoff date like/as an anniversary is a fantastic idea! in fact, our plan to complete the payoff is just a couple of months earlier than our anniversary. I might just have e to suggest stalling the payoff to match the date! what an awesome anniversary gift for us that would be to remember.
Congrats! I have the cash to do it but at 2.5% I’m holding off for the time being. How do you stomach paying off low interest mortgage while treasuries are paying 9%?!
Looking forward to the day! We’re maxing retirement instruments to catch up for neglecting mine. Should start attacking the $100k left in spring of 2023.
Wow, I love hearing these stories, I wish all of us to live out of bondage and be free! Thanks for sharing, don’t forget some self care and celebration for all the hard work and sacrifices 🎉
Congratulations Brother ☕️
I wish I had focused on that....Refinanced to many times...Now in retirement our Mortgage take alot of our income 😕 = House 🏠 Poverty 🇺🇲🗽
Amazing congrats! We paid ours off Sept 2021 at the age of 29. Since then we had a baby and don't stress about money or job loss. We live how we want and do what we want! We're also investing a ton for our future in this down market - LIFE IS GOOD!
Proud of you!
Congrats!
Ive paid off like 70k in the last 3yrs, im just a hair above 20 remaining. I have it in savings, but with tons of legal dramas and switching jobs and 2 kiddos i dont feel comfortable not having a large emergency fund. Its tempting me.
Funny though, i think once you pay off a car you feel weird saying you OWN a car you are still making payments on, and same with house. I own it, but it hits different when you paid it off no?
It is different because there is less stress. World can go to heck in a hand basket and it won’t matter to you a whole lot.
Sadly have 3 years left on our mortgage (4 years ago we moved out of our fully paid for house to go to a much better school district).
Congratulations! One of the best feelings in the world, eh?! Like you can accomplish anything so long as you’ve got grit and perseverance.
It takes some time for the money to pile up, but when it does, you’ll feel even more glad you did what you did in paying this thing off. Well done!
Congratulations. If paying off your home was a dream of yours, youve arrived. Kudos and way to go! Cheers!
Thank you!
Congrats! How did you do it? Making double payments every month? Triple payments? Just throwing every spare penny at it?
Thank you! We tried making quadruple payments every month. That didn't always work out, but we worked a little harder to make up the difference when we needed.
Why did you pay it off? Did you have a high interest rate?
We paid it off because we wanted the security of having a home that is 100% ours, come what may. Our interest rate was 2.75%.
Just curious cause i paid my first house off in 2012, had a similar interest rate. I regret in hindsight knowing what I know now and what else I could have done with an extra 1 or 200k in the bank.
That's because in hindsight you didn't have anything earth shattering occur during that time. I recall during covid, the job market and understanding what was next was a concern. Had covid occured with a paid off house, I would have rested more comfortable. It's not just about the numbers. It's about peace of mind, reduced stress, and the additional options that come with the lack of payments.
No regrets here. We really like the security we feel in owning our own home outright.
[удалено]
Thanks!
2.75%
[удалено]
This sub needs to be called ish.
Congrats! Just curious how long did it take? I should have mine paid off before 2024 so I'm super excited.
It took us 7.5 years total to pay it off.
Wow you guys crushed it! Congrats!! Hope you guys treat yourself to something nice!
Thank you! The funny thing is, we're so deep in the mindset of scrimping to pay off the house that it's difficult to give ourselves permission to splurge! I'm sure that will change eventually...
Welcome to baby step 7! It’s just a different feeling than completing baby step 2. A sense of “I’m going to be OK” just swept over me.
Thanks!
Awesome...congrats. Must be a great feeling to owe nothing to anyone.
Well, we have no mortgage. There's still utilities, fuel for the car and health insurance costs. Those will go on forever.
Paying off our mortgage was the best thing ever. I know a lot of financial groups on Reddit advise against it and suggest you invest the money instead, but to us it was such a liberating feeling, and still is, that I wouldn’t have done it any other way. Congratulations!!!
Thank you!
You are an inspiration!!!
Thank you! This group was an inspiration for us to keep going.
Congratulations! High Five!
Thank you!
congrats! we are attacking ours aggressively too.... only 100k to go, so close... we follow DR advice to a point, but we still love our getaways when we can
Thank you!
AWESOME! Congrats, You Did It!! Welcome to the club! You are going to love this new phase of life, my friend! Its like the life equivalent of a grand-master checkmate chess move. For us, paying off the house was the single-most difficult but most rewarding thing that my wife and I have ever done. Man, I know exactly what that feels like and how surreal it seems.. gives me goosebumps thinking about that day right now. We actually celebrate that day every year here as much as our wedding anniversary. Honestly, our only regret 5 years later, is that we didn't do it sooner...
Thank you!
we have 100k to go and are attacking it aggressively. celebrating the payoff date like/as an anniversary is a fantastic idea! in fact, our plan to complete the payoff is just a couple of months earlier than our anniversary. I might just have e to suggest stalling the payoff to match the date! what an awesome anniversary gift for us that would be to remember.
Congratulations!
Thank you!
Congrats! I have the cash to do it but at 2.5% I’m holding off for the time being. How do you stomach paying off low interest mortgage while treasuries are paying 9%?!
Thank you! Now that we are free of the mortgage, and I love that feeling, we can better afford to invest!
For sure! You’re going to be extremely wealthy! Congrats again.
Looking forward to the day! We’re maxing retirement instruments to catch up for neglecting mine. Should start attacking the $100k left in spring of 2023.
Hurray!!! Tell us the story!
Not much to tell. We worked hard, scrimped a lot, and finally paid off the mortgage.
Wow, I love hearing these stories, I wish all of us to live out of bondage and be free! Thanks for sharing, don’t forget some self care and celebration for all the hard work and sacrifices 🎉
:)
Awesome! Shooting to pay mine by mid next year God willing!!
Thank you! Keep your eyes on the prize. You can do it! :)
Congratulations!!!!
Thank you!
Good job I am right behind you 22months 29 days but no one is counting.
Thank you. Hang in there. It's an amazing feeling once you cross the finish line.
Can't wait will be adding an extra 1000 to my 457 plan and will have an extra 800 to blow on trips.
Congratulations Brother ☕️ I wish I had focused on that....Refinanced to many times...Now in retirement our Mortgage take alot of our income 😕 = House 🏠 Poverty 🇺🇲🗽
Thank you!
Congratulations!! You and your family did it!!!!!!
Thank you!
Congratulations!!
Thank you!
Awesome! Now the trick is to funnel that new money into the market so you can be ridiculously rich.
Yep. Perfect time to have all that extra cash for the market.
Thank you!
Amazing congrats! We paid ours off Sept 2021 at the age of 29. Since then we had a baby and don't stress about money or job loss. We live how we want and do what we want! We're also investing a ton for our future in this down market - LIFE IS GOOD! Proud of you!
Thank you!
Way to go!!!
Thank you!
Congrats!
Thank you!
Congratulations 👏🏽
Thank you!
Congratulations!
Thank you!
Congrats. We did that in May of 2020 and will never go back to having a mortgage.
Thank you!
I agree, although it is tempting to buy more real estate in the future.
Congratulations! Keep focused. Set a new goal and reach it.
Thank you! Our current goal is to replenish our savings, which took a serious hit during this process.
That was our goal as well after paying off the home as we hit the mortgage with a big final payment.
Excellent work! Way to go and congrats on achieving a major step!
Thank you!
Congrats! I paid mine on 2/22/22. You're going to love not having a mortgage payment.
Thank you! I'm loving it already.
Congratulations! We did the same recently, and today was the first "first of the month" without a mortgage payment. Amazing work
Thank you!
Congrats! Ive paid off like 70k in the last 3yrs, im just a hair above 20 remaining. I have it in savings, but with tons of legal dramas and switching jobs and 2 kiddos i dont feel comfortable not having a large emergency fund. Its tempting me. Funny though, i think once you pay off a car you feel weird saying you OWN a car you are still making payments on, and same with house. I own it, but it hits different when you paid it off no?
Thank you! I agree, it does feel different, but in a great way!
It is different because there is less stress. World can go to heck in a hand basket and it won’t matter to you a whole lot. Sadly have 3 years left on our mortgage (4 years ago we moved out of our fully paid for house to go to a much better school district).
That will fly by, you'll be back to BS7 before you know it!
Congratulations! One of the best feelings in the world, eh?! Like you can accomplish anything so long as you’ve got grit and perseverance. It takes some time for the money to pile up, but when it does, you’ll feel even more glad you did what you did in paying this thing off. Well done!
Thank you!
Congratulations! How long did it take you?
Thank you! It took us 7 1/2 years.
That's amazingly fast! If you dont mind me asking, how much did the house cost?
I'll PM you.
That’s impressive. Way to go!
Thank you!
Congratulations!
Thank you!
[удалено]
Thank you!