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Happy day - paid off the mortgage!
12-10-2012, 05:06 PM
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#1
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Full time employment: Posting here.
Join Date: Jan 2007
Posts: 582
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Happy day - paid off the mortgage!
It was actually a few days ago, but what a great day! Funny, too - I called to find out how to make the final payment, assuming they'd have to send paperwork or we'd have to go into a branch. Turns out you can make the final payment over the phone, they just transfer the money from your checking account and presto!
I knew we'd be able to pay it off by the end of this year or early next year, but it was still stunning to actually do it. Partly because, as DH said, it makes the prospect of FIREing in a few more years that much more real. Also, just because it's a big accomplishment and I'm impressed with ourselves for pulling it off.
So - a huge thank-you to the community here for all the great wisdom and encouragement for those of us who aren't there yet  I can't even tell you what a difference it's made in helping us get where we're trying to go.
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12-10-2012, 05:08 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,022
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Congrats on the payoff, it's a great feeling to know you'll never have to write another check to the mortgage co.!
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Numbers is hard
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12-10-2012, 05:13 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Posts: 1,901
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Oh no, another pay off the mortgage thread! 
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“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
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12-10-2012, 05:13 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,526
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Congratulations! Some folks go to all kinds of cost/benefit analysis but the part that is usually missed is that the wonderful feeling of a paid off mortgage is priceless!
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12-10-2012, 05:15 PM
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#5
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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I too love that feeling of NOT writing a check every month too, although not everyone here shares our happiness  .
Congratulations!!!!
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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12-10-2012, 05:19 PM
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#6
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,501
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__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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12-10-2012, 05:33 PM
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#7
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Moderator
Join Date: Apr 2012
Location: San Diego
Posts: 14,212
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Awesome.
I hope to join you in the no more mortgage club in the next year. Concurrent with DH's retirement. (I'll retire a few years later at age 55 unless I'm offered a severance package sooner.)
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12-10-2012, 05:47 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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Hot diggidy dawg! Congratulations!
Shoot...even tho our mortgage has been paid off for a few years now, I still get a case of the giddies from time to time..... 
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There's no need to complicate, our time is short..
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12-10-2012, 06:02 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Aug 2012
Posts: 1,862
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As my kids would say "Boom sauce"!!!! Congrats to you. We did the same last year, and it is a very liberating feeling. I still have to pinch myself on occasion because after having a house payment for decades, I really never thought we wouldn't have one.
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12-10-2012, 06:07 PM
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#10
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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Congrats! Paid mine off last year and it was a great feeling. Due to unforeseen events however, we don't live in that house anymore and we are back to paying rent.
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12-10-2012, 06:59 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Jan 2005
Posts: 3,532
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Congrats! It is a great feeling.
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12-10-2012, 07:02 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Oct 2008
Location: Naples
Posts: 2,179
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WM, congrats on the paid off mortgage. I'll bet you sleep good! The only time I have second thoughts is when I have my income taxes prepared. But, these days the standard deduction looks good. Again, congrats!
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12-10-2012, 07:09 PM
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#13
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Recycles dryer sheets
Join Date: Jul 2007
Posts: 54
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Congratulations WM! Now what do you plan to do with the mortgage money? Second home maybe? 
__________________
Life, liberty and the pursuit of happiness. Retired at 49. Catching up on life's simple pleasures.
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12-10-2012, 07:17 PM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,266
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Congratulations!
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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12-10-2012, 07:27 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 3,681
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Congratulations!
It's been a couple of years since we paid ours off and I still smile and giggle a little when I see someone else make it to that place.
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Married, both 69. DH retired June, 2010. I have a pleasant little part time job.
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12-10-2012, 07:58 PM
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#16
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Full time employment: Posting here.
Join Date: May 2011
Posts: 770
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Congrats. I paid mine off this September. What a great feeling !!!!
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12-10-2012, 08:04 PM
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#17
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Recycles dryer sheets
Join Date: May 2010
Posts: 497
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Ahhhhhhhhhhhhhhhhhhh!
__________________
You've got to ask yourself one question: Do I feel lucky? Well, do ya, punk?
Retired July '11 investments in very low cost index and mutual funds, balance once a year at best.
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12-10-2012, 08:43 PM
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#18
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Moderator Emeritus
Join Date: Dec 2005
Posts: 10,125
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Congratulations. They should automatically file a document stating that they no longer have a lien on the property, can't hurt to double check in a few months. We are happier without one.
__________________
Angels danced on the day that you were born.
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12-10-2012, 09:05 PM
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#19
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,154
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Congratulations, it's a great feeling!
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Retired since summer 1999.
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12-10-2012, 09:07 PM
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#20
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,154
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Those are only a problem if someone asks whether they should  .
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Retired since summer 1999.
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