Financially free at last.

Pogonia

New Member
Location
Central Florida
Yesterday, my husband and I went to the bank, wired a lump sum to our mortgage company, and paid it in full. Today I am sitting pretty, no debt at all. I am walking through my 8 year old house so happy it is all mine and not beholden to the financial institutions for a rood over my head. Praise God!
 

Yesterday, my husband and I went to the bank, wired a lump sum to our mortgage company, and paid it in full. Today I am sitting pretty, no debt at all. I am walking through my 8 year old house so happy it is all mine and not beholden to the financial institutions for a rood over my head. Praise God!
I know how good (and liberating!) that feels! I remember the exact day 18 years ago when
we became totally debt free... nothing like it! Congrats!
 
Yesterday, my husband and I went to the bank, wired a lump sum to our mortgage company, and paid it in full. Today I am sitting pretty, no debt at all. I am walking through my 8 year old house so happy it is all mine and not beholden to the financial institutions for a rood over my head. Praise God!
Being mortgage free just gets better as the years go by.
 
Are you in the US? That must be amazing to live in a generational house.
The house we live in now was built in 1905, by my Grand Father who was a home builder for more than 35 years here in Toronto. He built over 40 houses in West Toronto from 1901 to 1940. Two blocks from our house is 31 Auburn Avenue, where my Father was born, and lived in until he joined the Canadian Army in October of 1915. He served from October of 1915, to his return from France in July of 1919. On his attestation papers, his address is given as 31 Auburn Avenue, with his Father and Mother as the home owners. The house is still standing, having been renovated a number of times since it's construction in 1906. Strong brick 2 story homes, with big back yards, and deep basements. Our home is valued at around one million 2 hundred thousand dollars on the Toronto real estate market. No mortgage. JimB.
 
The house we live in now was built in 1905, by my Grand Father who was a home builder for more than 35 years here in Toronto. He built over 40 houses in West Toronto from 1901 to 1940. Two blocks from our house is 31 Auburn Avenue, where my Father was born, and lived in until he joined the Canadian Army in October of 1915. He served from October of 1915, to his return from France in July of 1919. On his attestation papers, his address is given as 31 Auburn Avenue, with his Father and Mother as the home owners. The house is still standing, having been renovated a number of times since it's construction in 1906. Strong brick 2 story homes, with big back yards, and deep basements. Our home is valued at around one million 2 hundred thousand dollars on the Toronto real estate market. No mortgage. JimB.
Awesome!
 
The best thing a person can do when approaching retirement, IMO, is to be Debt Free.....no mortgage, car payments, etc. Life is a lot better when the only monthly expenditures are things like groceries, and utilities, etc.
It takes a huge burden off, even if we were able to afford the mortgage. we just lump summed the remaining balance. I know retirees that rent. Rent is scary. Rent goes up and up.
 

Back
Top