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Posted: 8/29/2015 7:08:29 PM EDT
[#1]
Welcome to the club! :)
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Posted: 8/29/2015 7:09:20 PM EDT
[#2]
We just did that 2 months ago. Congrats.
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Posted: 8/29/2015 7:09:44 PM EDT
[#3]
Good on ya man.
As a guy who now owns two and is trying to unload one, i definitely feel the weight. Some day, I'll join your club. |
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Posted: 8/29/2015 7:10:28 PM EDT
[#4]
Awesome, congrats! That's gotta be a good feeling.
Hopefully I know how it feels sooner than 27 years. 
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Posted: 8/29/2015 7:14:48 PM EDT
[#5]
 Welcome to the club. Your jacket and decoder ring will be on the way directly.
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Posted: 8/29/2015 7:21:03 PM EDT
[#6]
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Posted: 8/29/2015 7:26:07 PM EDT
[#7]
Welcome to the club 
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Posted: 8/29/2015 7:27:38 PM EDT
[#8]
Congratulations!
I just dropped my first home payment in the mail yesterday. 
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Posted: 8/29/2015 7:30:02 PM EDT
[#9]
Me too. 8 years ago. Then the market cratered and section 8 moved in all over. Now it's worth $10k
I have neighbors that owe $70k on houses that will not sell at any price. |
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Posted: 8/29/2015 7:30:32 PM EDT
[#10]
I don't have any idea how much I hVe left on my home loan.
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Posted: 8/29/2015 7:30:36 PM EDT
[#11]
That is very very cool. It has to be a darn nice feeling!
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Posted: 8/29/2015 7:31:02 PM EDT
[#12]
Congratulations!
I put the pedal to the metal as soon as Obama was elected and retired my home mortgage a few years ago. |
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Posted: 8/29/2015 7:32:06 PM EDT
[#13]
Congrats OP. My wife and I pay extra each month and are trying to do that as well as early as possible.
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Posted: 8/29/2015 7:33:03 PM EDT
[#14]
Good feeling isn't it. It also frees up a ton of money, that you can spend how you want, invest or whatever. |
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Posted: 8/29/2015 7:33:38 PM EDT
[#15]
WOW! Congrats. I've got 20yrs left. Prob be dead before its paid off.
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Posted: 8/29/2015 7:35:33 PM EDT
[#16]
I'm a year out from doing the same.
Congrats, OP
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Posted: 8/29/2015 7:35:38 PM EDT
[#17]
Quote HistoryQuoted:
Me too. 8 years ago. Then the market cratered and section 8 moved in all over. Now it's worth $10k
I have neighbors that owe $70k on houses that will not sell at any price. Houses worth 10k?? Where?? Toledo? |
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Posted: 8/29/2015 7:36:13 PM EDT
[#18]
Awesome.
On the fast track payment plan and just have 8 left. |
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Posted: 8/29/2015 7:36:51 PM EDT
[#19]
Nice.......I owe 27,000 and had about 26,000 in the bank. when my saving hit about 30 Im going to pay my off.
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Posted: 8/29/2015 7:37:00 PM EDT
[#20]
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Posted: 8/29/2015 7:38:39 PM EDT
[#21]
Quote HistoryQuoted:
Houses worth 10k?? Where?? Toledo? Quote HistoryQuoted:
Quoted:
Me too. 8 years ago. Then the market cratered and section 8 moved in all over. Now it's worth $10k
I have neighbors that owe $70k on houses that will not sell at any price. Houses worth 10k?? Where?? Toledo? Run down crack house neighborhood, Maybe? Detroit?
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Posted: 8/29/2015 7:40:40 PM EDT
[#22]
Quote HistoryQuoted:
Nice.......I owe 27,000 and had about 26,000 in the bank. when my saving hit about 30 Im going to pay my off. Why would you wait that long with that kind of money in the bank? Maybe pay a couple grand extra each month. |
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Posted: 8/29/2015 7:41:32 PM EDT
[#23]
Congrats
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Posted: 8/29/2015 8:15:25 PM EDT
[#24]
Quote HistoryQuoted:
Why would you wait that long with that kind of money in the bank? Maybe pay a couple grand extra each month. Quote HistoryQuoted:
Quoted:
Nice.......I owe 27,000 and had about 26,000 in the bank. when my saving hit about 30 Im going to pay my off. Why would you wait that long with that kind of money in the bank? Maybe pay a couple grand extra each month. The wife and I pretend 25,000 is zero. If we only have 25,000 then we dont spend any money on things like vacations and extras. So in our eyes we only have 2,000$. I know it doesnt make sense but it saved us when our 2 year old have surgery. 15,000$ out of pocket. But i told her once we have enough to pay off the house plus about 5 grand to float us Im paying it off. |
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Posted: 8/29/2015 8:20:47 PM EDT
[#25]
Quote HistoryQuoted:
Nice.......I owe 27,000 and had about 26,000 in the bank. when my saving hit about 30 Im going to pay my off. Pay it off. Whats the loan rate vs interest from bank? |
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Posted: 8/29/2015 8:37:05 PM EDT
[#26]
Hope to be there soon
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Posted: 8/29/2015 9:20:06 PM EDT
[#27]
Payed extra each month and it knocked several years off the loan.
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Posted: 8/29/2015 9:29:27 PM EDT
[#28]
Gonna break below $390k to go next month! Wooooo!
Embrace the freedom, bro. If it all comes crashing down, you're high speed low drag and could live large off minimum wage if you had to. That kind of freedom is priceless. Posted Via AR15.Com Mobile |
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Posted: 8/29/2015 9:30:54 PM EDT
[#29]
It's good stuff.
My life has become exponentially easier since I paid off mine.
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Posted: 8/29/2015 9:35:35 PM EDT
[#30]
Congratulations!
May I ask how old you are? |
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Posted: 8/29/2015 9:35:52 PM EDT
[#31]
It is a good feeling. Our house is paid off too. Now we only pay $500 a month rent to the tax collector so we can still live there.
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Posted: 8/29/2015 9:37:53 PM EDT
[#32]
Congrats! I'm still waiting to make my first payment on mine, looking forward to the day I can say I'm done.
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Posted: 8/29/2015 9:39:24 PM EDT
[#33]
Nice! Congrats.
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Posted: 8/29/2015 9:48:28 PM EDT
[#34]
The OP has Tiger Blood and Adonis DNA!
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Posted: 8/29/2015 9:53:15 PM EDT
[#35]
congratulations, we paid our off about10 years ago.
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Posted: 8/29/2015 10:10:39 PM EDT
[#36]
Quote HistoryQuoted: Me too. 8 years ago. Then the market cratered and section 8 moved in all over. Now it's worth $10k I have neighbors that owe $70k on houses that will not sell at any price. |
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Posted: 9/2/2015 5:23:02 PM EDT
[#37]
Had to replace a failing AC unit. Did the furnace at the same time....bye bye $9k
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Posted: 9/2/2015 5:24:53 PM EDT
[#38]
Congrats.
~22ish more years for me. |
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Posted: 9/2/2015 5:26:17 PM EDT
[#39]
Quote HistoryQuoted:
The wife and I pretend 25,000 is zero. If we only have 25,000 then we dont spend any money on things like vacations and extras. So in our eyes we only have 2,000$. I know it doesnt make sense but it saved us when our 2 year old have surgery. 15,000$ out of pocket. But i told her once we have enough to pay off the house plus about 5 grand to float us Im paying it off. Quote HistoryQuoted:
Quoted:
Quoted:
Nice.......I owe 27,000 and had about 26,000 in the bank. when my saving hit about 30 Im going to pay my off. Why would you wait that long with that kind of money in the bank? Maybe pay a couple grand extra each month. The wife and I pretend 25,000 is zero. If we only have 25,000 then we dont spend any money on things like vacations and extras. So in our eyes we only have 2,000$. I know it doesnt make sense but it saved us when our 2 year old have surgery. 15,000$ out of pocket. But i told her once we have enough to pay off the house plus about 5 grand to float us Im paying it off. Good plan. Note the OP's update with an example why. |
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Posted: 9/2/2015 5:27:56 PM EDT
[#40]
Quoted:
Made a final lump sum payment of $28k and got out from under the house. Good feeling. Good for you. I've got $98k to go with no possibility of paying off early. A lot of bad stuff happened about two weeks after I bought the house. Now I'm pay check to pay check on a 30 year loan
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Posted: 9/2/2015 5:34:53 PM EDT
[#41]
Quoted:
Made a final lump sum payment of $28k and got out from under the house. Good feeling. Good for you! I will recommend a book to you - untapped riches - never pay off your house. 28K + compounding interest will out run 28K with straight interest Of course YMMV Red 
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Posted: 9/2/2015 5:36:15 PM EDT
[#42]
Congrats! We sent off our last payment back in July. We got it paid off in 11 years and 8 months...140 payments.
In August we purchased a property for hunting so it's back to monthly payments again but we plan to pay it off in 10 years...120 payments. |
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Posted: 9/2/2015 5:37:16 PM EDT
[#43]
Congrats and welcome to the club! Now save that payment in a good no load mutual fund and retire early!
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Posted: 9/2/2015 5:37:29 PM EDT
[#44]
Quote HistoryQuoted:
Me too. 8 years ago. Then the market cratered and section 8 moved in all over. Now it's worth $10k
I have neighbors that owe $70k on houses that will not sell at any price. Your neighbors need to walk away, and you need to become a section 8 landlord. Posted Via AR15.Com Mobile |
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Posted: 9/2/2015 5:42:28 PM EDT
[#45]
Congrats! We paid ours off in '05. Saved the old mortgage amount every month and stashed it away for seven years. Paid cash with it for our weekend lake place in '12.
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Posted: 9/2/2015 5:46:19 PM EDT
[#46]
My truck will be paid off in December
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Posted: 9/2/2015 5:53:49 PM EDT
[#47]
We are under 2 years out.
No veh pmnts or other loans either. Debt free soon baby. |
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Posted: 9/2/2015 5:56:22 PM EDT
[#48]
Quote HistoryQuoted:
Your neighbors need to walk away, and you need to become a section 8 landlord. Posted Via AR15.Com Mobile Quote HistoryQuoted:
Quoted:
Me too. 8 years ago. Then the market cratered and section 8 moved in all over. Now it's worth $10k
I have neighbors that owe $70k on houses that will not sell at any price. Your neighbors need to walk away, and you need to become a section 8 landlord. Posted Via AR15.Com Mobile this is what i don't understand. its basically renting w/o any of the benefits of renting, as the house will never be worth that much again. |
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Posted: 9/2/2015 5:57:34 PM EDT
[#49]
I'll play! I just wrote a check for $20,500 in student loans and wiped em out in 4 years after graduating (10 year loans).
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Posted: 9/2/2015 5:58:04 PM EDT
[#50]
i still got 230k to go, house is only worth about 160 right now...
i really should just short sale the damn thing but the payments are cheap enough |
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