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Discussion in 'Off-topic' started by Malum Prohibitum, Jan 14, 2021.
Do you own your house free and clear? Poll!
Getting close. Expecting a bonus from work soon, 100% of that will go to my principle, and that should get me under $10K left.
3 months to go assuming no surprises.
Yes, both homes.
$0 debt feels good.
We paid off. Sold. Now we are renting and not planning on owning anytime soon.
Paid mine off nearly 5 years ago, when I was about 50.
That was one of the best feelings in the world. We all know what the best feeling is, as well as the 2nd & 3rd best. However, the 3 besties are very short-term. Paying off your mortgage gives you the warm fuzzies for the rest of your life.
edited: And, 3 vehicles, owned free & clear. One was bought 12 years ago on a 3 year loan, the other 4 years ago on a 3 year loan, and the most recent bought last year with cash. Only one debt remaining - college loans for our youngest.
Mine will be paid off within 18 months, likely even by the end of this year. We have not had any other debt since '08 and I don't plan to take on any other loans going forward.
I became debt free a week before Christmas. Spent the past two years making accelerated payments, paying off the house 12 years early
I wish we are under $48 grand.
Mine will be paid off this year and then I'll be free and clear on everything, no debts.
Three houses - one overseas (well, I paid cash for that one) - free & clear.
(Now, one of the houses is a 160 year old farmhouse which I've restored over 25 years, - and never again!, I might add - so I probably put a lot more into it than it's worth. Just had it repainted, along with the barn. It's always something!)
Of course, I'm over 50... this poll is as much of age as of financial security
Cars, too, free & clear. Cars are a cash purchase for me (except when sellers are desperate enough to offer zero-percent interest).
The only thing I currently "finance" is a new HVAC system (my unexpected Christmas present to myself, alas), because it's "same as cash" for twelve months, so I'll just divide it by ten and make a payment a month until October.
I was chipping away at extra principal but had to spend 9 grand on a new roof. So now I’m working on getting my 6 month emergency fund replenished. I’ve been in the house for 5 years now and have 40% of the loan paid off....small house...small mortgage.
I'm under 50
Paid it off early back in late 2016. Only reason I was able to retire early. Feels great.
I'm under 50 as well.
One house I paid cash for, the other will be paid off in 3 1/2 years. I plan to retire 6 months after the house is paid off. I'll be 67 1/2.
Are we really 50% of us paid off mortgages, or are the mortgage holders not clicking on the poll as readily as those who paid off their mortgages?
I owe about 130k. House worth about 180k. Enough in 401k to pay off with a nice leftover.
I'm under 40 and very close to paying off
Still 9-9, paid off v. mortgages
You did not click the poll, then, because that range says 0 %