House Mortgage -- Countdown

[LivingAlmostLarge]

MERRY CHRISTMAS EVERYBODY!!
Mortgage Principal : $8K

ARe you done?

[LivingAlmostLarge]

House Mortgage Debt . . . count it down.

I've a long waaaaaays to go . . 10 years including this year is my target.

Mortgage Principal : $207K

I think you are down to $8k or less so less than 10 years!!! Congrats!

[Randomsaver]

Hi to all,

This July 4th Independence Day is especially meaningful to me.

My pay-off amount was sent and barring any obstacles I am free of mortgage debt.

FREEDOM!!

Ok, enough about me. I wish to greet all US members here Happy 4th of July!

R

[disneysteve]

Hi to all,

This July 4th Independence Day is especially meaningful to me.

My pay-off amount was sent and barring any obstacles I am free of mortgage debt.

FREEDOM!!

Ok, enough about me. I wish to greet all US members here Happy 4th of July!

R

Congratulations! That’s awesome!

[kork13]

This July 4th Independence Day is especially meaningful to me.

My pay-off amount was sent and barring any obstacles I am free of mortgage debt.

FREEDOM!!

That's amazing, huge congrats!! It's an incredible feeling to not have debt hanging over your head when you go to sleep at night. When we bought our current house debt-free, it took us months to really process & emotionally internalize that freedom. It's thrilling, and gives you an incredible peace of mind. Again, congratulations!!!

[scfr]

Hi to all,

This July 4th Independence Day is especially meaningful to me.

My pay-off amount was sent and barring any obstacles I am free of mortgage debt.

FREEDOM!!

Ok, enough about me. I wish to greet all US members here Happy 4th of July!

R

Way to go, Randomsaver!

[james.hendrickson]

Hi to all,

This July 4th Independence Day is especially meaningful to me.

My pay-off amount was sent and barring any obstacles I am free of mortgage debt.

FREEDOM!!

Ok, enough about me. I wish to greet all US members here Happy 4th of July!

R

This is the best kind of independence!!!!!! Congratulations random saver!!!!!!

[Randomsaver]

Thanks to all. Two mortgages done -- one in the city in 2012, and one in the hills in 2022. Below are views from my city and hill homes.

[james.hendrickson]

Thanks to all. Two mortgages done -- one in the city in 2012, and one in the hills in 2022. Below are views from my city and hill homes.

Looking great Frugalsaver!!!!

[Randomsaver]

Thanks so much James. There is peace I find in owning properties especially in these kinds of markets. I have 1 more property I like to invest into though -- a house on an island.

[skives]

Mortgage down to $38,598. 46 more payments to go.

[LivingAlmostLarge]

Mortgage down to $38,598. 46 more payments to go.

less than 1 year!

[crazyliblady]

less than 1 year!

Less than 1 year? How do you figure that? Can you pay off over $38K in interest bearing debt in 1 year?

[LivingAlmostLarge]

Less than 1 year? How do you figure that? Can you pay off over $38K in interest bearing debt in 1 year?

I think they were considering wiping it out with EF. Plus at that number you are minimal interest depending on what rate they have. 3% is $1140, so it's principal they are paying. I think they are going to do it. You also forget that it's all principal payments on top of a mortgage.

[skives]

Actually we decided not to use our EF to pay it off in a year. So 46 payments to go.