T'Day at 10:00 a.m. WE officially became the owners of our home---WE now own the sucker outright---taxes are paid for a full year and the insurance is paid up for a full year. WOW WHATTA FEELING.
I will have one month free of house payments before I retire (WOO HOO)---probably shoulda done a better job of planning that---but such is life. At least I won't have to make a house payment in retirement. It has been really hard to get this paid off in time to retire and Inklings goes into much deeper details of how we chose to do it if you want to read them but---through the choices we made on paying this sucker off early we saved ourselves over $40,000 in interest (FOURTY THOUSAND REAL DOLLARS)---my Dad was right---INTEREST NEVER SLEEPS---never it just keeps on adding on.
It took us longer to pay the last payment today and make sure everything was taken care of than it did to borrow the money for the house eight years ago in the first place---granted the guy making the loan knew we were coming in and the lady closing us out didn't but I think it is really funny to see how much happier the banking industry is when you are borrowing money than they are when you are paying it off---SIGNIFICANT DIFFERENCE---THEY GET PAID FROM YOUR INTEREST.
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5 comments:
Congratulations. Surely a relief.
Congrats! What an accomplishment. (Farewell tax deduction! Damn! j/k lol)
Pretty cool! I can't wait for that day!
holy cow that is a LOT of money you saved!! Amazing!!
As I said to Inklings, you guys are my heroes!
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