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Subject I just paid the last mortgage payment I will ever pay, ask me a question.

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just wishing they were in your shoes OP!!!!

the very smartest move you can make.

Why - because it frees up the principal/interest payment amount - by far the largest portion of the montly mortgage)

for other things.

OR - it means you DON'T HAVE TO EARN THAT AMOUNT IN THE FIRST PLACE!

Going into life ( retirement, college funding years, business building years, whatever)  is SO MUCH SIMPLER

without that mortgage!

Congratulations:chorus:
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You paid them but they already got paid, 3 days after you signed that note, and forgot to walk out with your deed of trust.

Once you walked out, they took your note, and deposited it and then they took your trust deed, blended it in a blender, and sold each part off.

Watch and see if you get your original note or deed of trust back.

Even if you were to default, the lender was already paid once they cashed your note. If you did default, the insurance co would pay back the lender for the loss, and they would infact be paid again. But since you finished paying them, they did get paid 2x instead of 3x. I guess I could commend that...
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I have the deed, and the mineral rights. and I paid it off 20 years early.
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How did you do it?
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Here is the way we did it - not quite what the other person did!

We took money out of an IRA. We stayed in my small house instead of trading up when we got married. Just altered the inside to make it work.

We NEVER took a home equity loan, ever.

My mortgage was bigger than was prudent. We sure decimated that IRA, got lots of flack.

specifically: We went to a fifteen year mortgage from a 30-year, tried that for a while, said why not junk the whole thing, 
hit the IRA piñata with a big stick and used it to pay the mortgage off.

Retirement is funded by other means - NOT reverse mortgages either - we will live simply on what we have.

For others: try the bi-weekly payment route to accelerate paying off the mortgage without spending more.

Use pre-payment any time you can, if you can pre-pay without penalty.

It DID cost us to recast the loan as a 15-year - that was a mistake in retrospect. Better to have just paid it off.
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Original Message Debt free bitches.

I'm debt free.

So ask. Or don't! I DONT GIVE A FUCK!!!!!!!!

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