I just paid the last mortgage payment I will ever pay, ask me a question. | |
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Apocalypse Troll
(OP) Trollicus Apocalyptus User ID: 19827255 United States 06/20/2014 06:33 PM Report Abusive Post Report Copyright Violation | Haters gonna hate.... "Honor the Texas flag; I pledge allegiance to thee, Texas, one state under God, one and indivisible." [link to www.statutes.legis.state.tx.us] |
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Apocalypse Troll
(OP) Trollicus Apocalyptus User ID: 19827255 United States 06/20/2014 06:37 PM Report Abusive Post Report Copyright Violation | And electricity, gas, water, sewer, cable, phone, repairs. Don't be so fucking stupid! Why so mad bro? Operational costs are not debt. Bitch. "Honor the Texas flag; I pledge allegiance to thee, Texas, one state under God, one and indivisible." [link to www.statutes.legis.state.tx.us] |
beeches
User ID: 28167778 United States 06/20/2014 06:43 PM Report Abusive Post Report Copyright Violation | 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 Liberalism is totalitarianism with a human face – Thomas Sowell |
beeches
User ID: 28167778 United States 06/20/2014 06:49 PM Report Abusive Post Report Copyright Violation | only way I could afford to retire. Which I will well before age 60. Now, people used to throw mortgage-burning parties where they watched their paid-up mortgage turn into smoke . . nowadays, you are a financial outlier if you pick this route. Several people told us that paying the mortgage off was a terrible move. A financial planner, and a well-meaning relative with many great investments. But having your money in your house - and the freedom it gives you to live life - is what some choose. Liberalism is totalitarianism with a human face – Thomas Sowell |
Apocalypse Troll
(OP) Trollicus Apocalyptus User ID: 19827255 United States 06/20/2014 06:50 PM Report Abusive Post Report Copyright Violation | 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 I like you beeches, you're a good egg, unlike Herr Klink. Close your eyes and imagine the epic high-five I just gave you. "Honor the Texas flag; I pledge allegiance to thee, Texas, one state under God, one and indivisible." [link to www.statutes.legis.state.tx.us] |
Anonymous Coward User ID: 42720075 United States 06/20/2014 06:51 PM Report Abusive Post Report Copyright Violation | 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 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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CMcC
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Apocalypse Troll
(OP) Trollicus Apocalyptus User ID: 19827255 United States 06/20/2014 06:55 PM Report Abusive Post Report Copyright Violation | 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 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... I have the deed, and the mineral rights. and I paid it off 20 years early. "Honor the Texas flag; I pledge allegiance to thee, Texas, one state under God, one and indivisible." [link to www.statutes.legis.state.tx.us] |
FoShizzle
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Giohater
User ID: 5310448 United States 06/20/2014 07:01 PM Report Abusive Post Report Copyright Violation | 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 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... I have the deed, and the mineral rights. and I paid it off 20 years early. How did you do it? Gio |
Apocalypse Troll
(OP) Trollicus Apocalyptus User ID: 19827255 United States 06/20/2014 07:06 PM Report Abusive Post Report Copyright Violation | My first question! I bought a fuckton of land, waited a few years, and then sold a part of it for 10 times what I paid for it. I would like to claim white privilege, but I'm a wetback... Last Edited by Apocalypse Troll on 06/20/2014 07:06 PM "Honor the Texas flag; I pledge allegiance to thee, Texas, one state under God, one and indivisible." [link to www.statutes.legis.state.tx.us] |
thetrickybigguy
User ID: 56638406 United States 06/20/2014 07:08 PM Report Abusive Post Report Copyright Violation | Debt free bitches. Quoting: Apocalypse Troll I'm debt free. So ask. Or don't! I DONT GIVE A FUCK!!!!!!!! i did that three years ago. Falling down is a part of life, getting back up is living. ~ Life is about choices, you get to make them each and every day of your life. ~ Capitalization is the difference between helping your Uncle Jack off a horse and helping your uncle jack off a horse.~ Only in America... do we use the word 'politics' to describe the process so well: 'Poloi' in Greek meaning 'many' and 'tics' meaning 'bloodsucking creatures'.~ “When a government is dependent for money upon the bankers, they and not the government leaders control the nation. This is because the hand that gives is above the hand that takes. Financiers are without patriotism and without decency.” If you're not a liberal at twenty you have no heart, if you're not a conservative at forty you have no brain. Winston Churchill |
LOU LA BELLE User ID: 2328655 United States 06/20/2014 07:15 PM Report Abusive Post Report Copyright Violation | |
beeches
User ID: 28167778 United States 06/20/2014 07:16 PM Report Abusive Post Report Copyright Violation | ... Quoting: beeches 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 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... I have the deed, and the mineral rights. and I paid it off 20 years early. How did you do it? 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. Last Edited by beeches on 06/20/2014 07:17 PM Liberalism is totalitarianism with a human face – Thomas Sowell |
Carol B.
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beeches
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Stoned Goddess
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WindyMind
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CHL2T
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Anonymous Coward User ID: 55930350 United States 06/20/2014 08:01 PM Report Abusive Post Report Copyright Violation | nah you never will pay it off. I dare you not to pay taxes on it. lets see how long you can keep that house after that ;) It will never be urs. That is why the state can come in and take that shit from you. I own the clothes on my back. Do i pay taxes on them every year? no I own them. Let me know when you own your house then we can celebrate :) |
SeattleTom
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Anonymous Coward User ID: 59370138 United States 06/20/2014 08:09 PM Report Abusive Post Report Copyright Violation | BFD----- I owe 1.3M on 2.5M Worth of Real Estate(6000sqft house, 2700 sgft rental house and 11500sgft commercial; building in Denver---NEVER goes down. YOU DO TH MATH CHUMP. What was your mortgage, 250K? I poop more than that in TP. |