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Author: goodstuf3 Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 22952  
Subject: may I brag a little? Date: 3/1/2009 10:45 PM
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I just needed to post somewhere as I hesitate to discuss financials with most friends.

As of this week, we have paid off our mortgage !

In the olden days (when dinosaurs roamed the earth) I know it was cause for celebration to pay off a mortgage, have a party, invite the neighbors, etc.

Nowadays no one seems to do it, or even aspire to it. Times have changed.

A few facts: we bought this house in 1992. At first, the monthly payment was half my monthly income, and DH was unemployed. That was a scary time.
Over time we refinanced to get better rates, and the payment became more manageable.
Around the time that DS finished university and moved out, giving us more disposable income, we refinanced in the form of a 15 year fixed rate mortgage. That was in 2000.

DH decided we would just double up on the payments as long as we could afford it.

So this week, we paid the remaining balance of $62.

Since DH is laid-off or retired (depending on your interpretation), and I'm working part time, it's nice to know the mortgage is *gone*.

We also have money in stocks and bonds, but I'm kind of glad we put that $$ into the house.

Oh, need i add, we have always LBYM'd. My car is a 1998 Nissan Altima,
for example. We still have the original bedroom set we bought when we were first married, and I once posted about my 30 year old sofa.

Cheers,
-gs
(whew)
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