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No. of Recommendations: 22
Two word update:

PAID OFF!!!!!

Happy dance happy dance happy dance happy dance happy dance happy dance happy dance happy dance!!!

Results:

Date               Balance    

January, 2013 $ 354,000
June, 2015 $ 330,466
February, 2016 $ 297,421
August, 2016 $ 272,811
October, 2016 $ 260,225
December, 2016 $ 255,747
April, 2017 $ 239,976
July, 2017 $ 217,768
September, 2017 $ 0


Paid since January, 2013 $ 136,232


Here's the original post in this series: http://boards.fool.com/thypeace-irregular-update-31830450.as...
Here's the most recent update: http://boards.fool.com/thypeace-mortgage-update-progress-327...

ThyPeace, boy, I've been working on paying off our debts for a long time!
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No. of Recommendations: 2
From someone currently holding a $360k mortgage... CONGRATULATIONS!

There has to be an accompanying story though...most people don't pay off $200k in just two months.
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No. of Recommendations: 17
Congrats!

Date               Balance    

January, 2013 $ 354,000
June, 2015 $ 330,466
February, 2016 $ 297,421
August, 2016 $ 272,811
October, 2016 $ 260,225
December, 2016 $ 255,747
April, 2017 $ 239,976
July, 2017 $ 217,768
September, 2017 $ 0


Paid since January, 2013 $ 354,000


There, fixed that for you ;-)

AJ
- Who retired today.....an auspicious day for both of us
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No. of Recommendations: 6
Thanks, JeffBrig and yes, there is a bit of a story. DH and I have been married for 9 years. We lived 365 miles apart for the first 6 of those years, and while we were dating. All our kids had been through really ugly custody stuff, and we didn't particularly want to create more trauma for them. When DSS3 was a senior in high school, DH got the opportunity to come for a temporary detail at his agency's headquarters in DC, which is where I live. That 90 day detail turned into 6 months, which turned into a year, which turned permanent about the time DSS3 graduated from high school.

So DH sold his house, and he's been holding onto the proceeds ever since, knowing we'd use them to pay off the mortgage. That enough to pay off my mortgage, though; Ohio is a lot less expensive than DC to live in. DH's father passed away a little over a year ago, and the last distribution from his estate (along with the steady pay down I'd been doing from more regular income) was enough to tip the balance and pay it off. Today, the real estate lawyer will file the paperwork to put the house in both our names and I will spend time calling the insurance and utility companies to put all those bills in both our names.

And thanks, AJ, for fixing the summary of what's been paid! Wow, that feels good. I spent part of yesterday reordering our budget, so now I know how much extra there actually is. Time to really ramp up the retirement savings -- and giving more to charity. That's going to be fun.

ThyPeace, DSS3, who was here this weekend, said, "Your stepsons are charity!" We had a good laugh.
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No. of Recommendations: 1
Congratulations! Great milestone. :)
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Congrats ThyPeace

I dont post very much, but I read a lot here.
You continue to be one of my Favorite Fools.
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No. of Recommendations: 1
Happy dance happy dance!! Congratulations!

I agree that sometimes it just feels better to have no debt than to have more in savings.

I've been watching your progress all these years - so I'm dancing for you!

All the best,
TMFHunzi
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Why, thank you, Mosquito7778! I really appreciate it.

ThyPeace, writes a lot, not all here.
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Thanks, TMFHunzi! It feels really good to be able to talk to DH about what we're going to do with our change in budget. Investing, more house repairs... the list is endless, of course!

ThyPeace, going to split it between investing and things like new windows. (The old ones are 75 years old. They leak and the weight ropes are breaking left and right.)
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ThyPeace, going to split it between investing and things like new windows. (The old ones are 75 years old. They leak and the weight ropes are breaking left and right.)

Ohhh, we may need to switch boards! I have an old house and old windows. Trust me - do a little study, acquire a few mad DIY skills and restore your old windows! Don't replace them. An old growth wood window plus a storm window is as/or nearly as efficient as a new window you'll be replacing yet again in 20yrs.

Always ;-)
Hunzi
Keeper of the Shrine to Our Lady of Perpetual Renovation
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Hum. Really? I mean, they're just 1942 windows. I'm willing to listen, though. Point me to the right board?

ThyPeace, just re-roofed the house and used slate as close to original as possible. NOT a DIY job, that.
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No. of Recommendations: 1
If you google "old vs new windows," you'll find a lot of info.

I replaced my aluminum-framed single-pane windows with vinyl-clad wood-frame double-pane about 25 years ago. There are pros and cons. The biggest problem is that there's a lot less light now, because wood takes up more room than metal, leaving less square footage for glass. We got custom sizes in order to get the biggest possible windows into the existing brick openings, and they still look clunky and dark.

Sounds like you already have wood-framed windows. In which case, fixing the weight ropes, replacing the glazing, and repainting, might be the best option. Even if you have to hire someone to put up screens in the spring and storms in the fall.

If you do replace, check out all options. The older Pellas had muntins between the glass, so they were easy to clean. The new Pellas don't, so you need to snap out the muntins to clean, then snap them back in again. In both cases, the top sash of double-hungs opens only a few inches, not all the way. If I were replacing windows now, I'd check out Pella, Andersen, Marvin; also verify that the square footage of glass area will be at least what's already there with the old windows.

Good luck!

And congrats about the mortgage. Going forward, the issue of whether to repair vs replace old windows is "a good problem to have."
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