Is your mortgage paid off?

Discussion in 'Off-topic' started by Malum Prohibitum, Jan 14, 2021 at 8:54 AM.

  1. Is paid off!

    19 vote(s)
    45.2%
  2. I owe less than $40k

    5 vote(s)
    11.9%
  3. I owe $40k-$90k

    6 vote(s)
    14.3%
  4. I owe $90k-150k

    5 vote(s)
    11.9%
  5. I owe more than 150k

    7 vote(s)
    16.7%
  1. Malum Prohibitum

    Malum Prohibitum Moderator Staff Member

    67,692
    1,702
    113
    Do you own your house free and clear? Poll!
     
  2. 175FO

    175FO Active Member

    928
    28
    28
    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. 45_Fan

    45_Fan Well-Known Member

    8,233
    120
    63
    3 months to go assuming no surprises.
     
  4. mb90535im

    mb90535im Well-Known Member

    3,979
    62
    48
    Yes, both homes.
    $0 debt feels good.
     
  5. Billennium

    Billennium Custom User Title

    1,939
    95
    48
    We paid off. Sold. Now we are renting and not planning on owning anytime soon.
     
  6. Hombre

    Hombre PITA

    206
    70
    28
    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.
     
    Last edited: Jan 14, 2021 at 9:47 AM
    Scout706 likes this.
  7. awanatech

    awanatech Well-Known Member

    1,376
    189
    63
    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.
     
  8. Mstr-Chris

    Mstr-Chris Well-Known Member

    1,442
    198
    63
    I became debt free a week before Christmas. Spent the past two years making accelerated payments, paying off the house 12 years early
     
  9. wee

    wee Active Member

    399
    27
    28
    I wish we are under $48 grand.

    Brian
     
  10. phantoms

    phantoms Senior Mumbler

    6,302
    237
    63
    Mine will be paid off this year and then I'll be free and clear on everything, no debts.
     
  11. dhaller

    dhaller Active Member

    482
    134
    43
    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.

    DH
     
  12. zetor

    zetor Well-Known Member

    2,851
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    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.
     
  13. Mstr-Chris

    Mstr-Chris Well-Known Member

    1,442
    198
    63
    I'm under 50
     
    Malum Prohibitum likes this.
  14. Suburbbus

    Suburbbus Well-Known Member

    2,099
    39
    48
    Paid it off early back in late 2016. Only reason I was able to retire early. Feels great.
     
    NTA likes this.
  15. awanatech

    awanatech Well-Known Member

    1,376
    189
    63
    I'm under 50 as well.
     
    Malum Prohibitum and Mstr-Chris like this.
  16. Savannah Dan

    Savannah Dan Cross-drawer

    7,040
    291
    83
    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.
     
  17. Malum Prohibitum

    Malum Prohibitum Moderator Staff Member

    67,692
    1,702
    113
    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?
     
  18. Phil1979

    Phil1979 Member Georgia Carry

    11,661
    695
    113
    I owe about 130k. House worth about 180k. Enough in 401k to pay off with a nice leftover.
     
  19. 175FO

    175FO Active Member

    928
    28
    28
    I'm under 40 and very close to paying off
     
  20. Malum Prohibitum

    Malum Prohibitum Moderator Staff Member

    67,692
    1,702
    113
  21. Malum Prohibitum

    Malum Prohibitum Moderator Staff Member

    67,692
    1,702
    113
    You did not click the poll, then, because that range says 0 %
    . Wow