Originally Posted by WM
That's a crazy story! I'd have been really paranoid by then.
Well, yeah, I was!
A number of factors pushed us to pay it off. The bank originally holding the mortgage was a local bank and we chose it because they were local and up to then they did hold their own mortgages so selling it was a major policy change for the bank.
Then the purchasing bank resold it to another within a month or two - I envisioned our file just getting lost in the shuffle and we never be able to clear the note, or at least not without a lot of expensive legal help.
We received a small inheritance that was not even enough to pay off the mortgage but was enough to leave a comfortable enough margin if we did pay it off, so we did.
Zero Debt is really kinda neat.