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Just paid off our HELOC!

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    Just paid off our HELOC!

    I just made the final payment on our HELOC!

    We opened the account in August 2017 and made the one and only transaction on 9/7/17 for $14,416.50. That was to pay for an insurance policy I had to take out when I left my practice that month.

    We have made payments totaling $14,602.35 so we paid $185.85 in interest.

    Most importantly, we repaid the loan in 9-1/2 months.

    Our only remaining debt is our mortgage and the plan is to add $1,000/month to that payment and have it paid off by October 2019 at the latest.
    Steve

    * Despite the high cost of living, it remains very popular.
    * Why should I pay for my daughter's education when she already knows everything?
    * There are no shortcuts to anywhere worth going.

    #2
    Nice work!
    Brian

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      #3
      Excellent work DisneySteve - an inspiration to us all!
      james.c.hendrickson@gmail.com
      202.468.6043

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        #4
        Well done! I hope you'll plan a celebration to acknowledge the final mortgage payment. We need to acknowledge these life milestones.
        Last edited by snafu; 07-20-2018, 03:56 PM.

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          #5
          Originally posted by snafu View Post
          Well done! I hope you'll plan a celebration to acknowledge the final mortgage payment.
          I imagine we'll do something. We kind of celebrated making the last college payment by booking a weekend trip to Maryland to stay in a nice hotel and attend the local food and wine festival. That one-night trip cost us about $700 which was a splurge for us.

          If I had to guess, we'll do something along those lines to celebrate the end of the mortgage.
          Steve

          * Despite the high cost of living, it remains very popular.
          * Why should I pay for my daughter's education when she already knows everything?
          * There are no shortcuts to anywhere worth going.

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            #6
            woohoo! Congrats! Now onto the mortgage.
            LivingAlmostLarge Blog

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