Yep, I own the house, not me and the mortgage company. Today I made the very last payment on my mortgage, a traditional 30-yr jobber. Soon I’ll get the original documents, the mortgage itself and so on.
It’s an odd feeling, not to be in any kind of debt.
Well done. I paid mine off in April last year. Hopefully you’ll find, as I have, that no longer having to service a mortgage result in heaps more spare cash to be salted away in various investment/retirement portfolios.
I too am on the opposite end of the loan. I just bought a house in June of last year. My fiance and I have high hopes of paying it off in less than 10 yrs, which is doable in our current situation, but if/when kids come along it could be a different story.
Oh god I long for the day I pay off my mortgages…yes, that was plural. I am now the proud owner of TWO. God I feel like my soul has been ripped out. But awesome work for you Baker. Glad to see at least some of us are working towards freedom. Gratz again.
Yup, weird that £800 no longer disappearing from the bank every month. I was in the habit of paying lump sums off the mortgage whenever I had a silly amount in the bank. And I was careful to get a mortgage without an early close penalty*. Six years on, no more debt whoohoo!
I guess I’ll have to take up helicopter lessons.
*How the frak are they allowed to get away with that?
The weird part, to me, is the idea of having lived in one house that long. I’m in my early 50s, and my wife and I have been in our current house since the fall of 1998, which is the longest I’ve lived in one place since the day I left for college.
But it looks as if we’ll keep on living here, and we refi’ed to a 15-year mortgage in 2003, so we ought to own our house free and clear in 11 years.