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I've reached one of those life milestones

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mikephillips

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Yes, one of those things we all look forward to, I got the official letter the other day, the mortgage is paid off. So over the next they tell me month or two they will finalize all the paperwork and bid me goodbye. Although they've been trying hard to get me to open a home equity loan....

Whoohoo, won't make me rich but a few hundred each month I now get to keep for other things.
 
Great feeling, ain't it?

You gonna have a mortgage burning party?
 
Thanks
Hadn't really decided yet how I'll celebrate. But yep it is a great feeling to know that what's usually everyone's most long term expense is done.
 
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seriously, congrats! an important milestone, especially these days.
 
Way to go! You just got a raise.
 
You are a patient man - well done!
 
One thing years ago when I bought, I didn't buy the most expensive house I could afford. Told the agent as he was showing me places the price range I was interested in and that I would not be one of those where I worked to make the monthly mortgage payment. He still pushed the idea I could qualify for 2-3 times as much in a loan but what I ended up with is a nice place and it didn't break the bank over the years.
 
As Mike describes, when I bought my house two years ago, I learned (accidentally) that realtors often push us to buy "bigger", because they get kickbacks from mortgage companies. Kickbacks are bigger for bigger loan amounts.

grumble grumble
 
Was being led around in '85 by the realtor to places we knew were wrong for us, one was in a subdivision I knew was built on a grove of cypress knees! It floods now with regularity. In the "demo house" a salesweasel sat at a desk to pitch us, told him he sounded like a used car salesman. The realtor turned red. Then she brought us to the hovel. On looking out the back sliding glass door I asked about the apparent "jungle" behind the property and was told it was "protected Florida wetland" and couldn't be developed... "SOLD!"
 
Mickey Richaud said:
Great feeling, ain't it?

You gonna have a mortgage burning party?
Click to expand...
Might want to be careful with that... if it goes anything like the "gender reveal party"...

edition.cnn.com

A couple whose 2020 gender reveal party allegedly sparked a deadly wildfire in California has been charged in the death of a firefighter | CNN

A Southern California couple whose gender reveal party allegedly sparked the deadly El Dorado wildfire in 2020 has been charged with 30 crimes, including involuntary manslaughter, authorities announced Tuesday.
edition.cnn.com edition.cnn.com
 
NutmegCT said:
As Mike describes, when I bought my house two years ago, I learned (accidentally) that realtors often push us to buy "bigger", because they get kickbacks from mortgage companies. Kickbacks are bigger for bigger loan amounts.

grumble grumble
Click to expand...
Maybe where you live, that’s illegal here.
 
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