Home Forums Hunting & Shooting Hunter's Campfire Is your house paid off?

I paid off my first house at 37

Congrats

House is paid for. No car or truck payments. No balance carried over on credit card. Not rich, but what is mine, is mine.

Congrats!!!

Some day a couple months from now you're gonna have a brief shock of panic thinking you've forgotten to pay the mortgage. Then you'll remember, oh yeah, no more mortgage.

Yes.

I watched my dad go through several years of unemployment/underemployment in his 50’s & 60’s. I paid my mortgage off and was debt free at 50. My car was totaled about three years ago so I had to replace it much sooner than planned. I borrowed some money for the replacement car at 0.99% and have 3 payments left. I hate making a car payment, but at that interest rate I figured it would be good for my credit score to have some activity. Looking forward to being debt free again in May.

No kids, no wife (and therefore no divorce). I got to keep my money. I have always worked. Got laid off once but had another job lined up. Kept my first house and have it rented.

I paid mine off at age 44. Could have done it earlier but at the time interest rates on investments were higher than mortgage rate so I delayed paying it off. Most recent house I paid cash for.

Jim

43 I paid it off. 45 now and given the rona BS.....I've managed to live with zero stress.

Had a "practice" wife. So it took a while. But one paid for and one almost done. No other debt.

yes, both of them. i know some people think dave ramsey is full of schit, but i started following his advice 25 years ago and it has paid off. as he says, once the mortgage is paid off, the grass feels greener under your feet.

well until the tax bill shows up and you realize nobody really owns property in this country.

Paid mine off @ 45

End of this year, God willing.

This is true, we just rent it.

Maybe my hatred of debt is shaded by my Dad suddenly dieing
at 40. I was 3. Mom got kicked off the farm and her only assets
were the beef cattle and his equipment. Other issues made it worse
for her. She got by on grit and help from Dads friends.

When we bought our home a dark cloud formed over my head.
That payment, and the risk of foreclosure, dogged me until
it was over. Every financial decision was focused on my family
having a home if something happened to me.

Dad was just going through a normal day, unloading a tire from
his truck. Then, he was gone and we were left in a bad place.

Yes, I have life insurance.
But everyone isn't lucky enough to die.
Some linger. Keeping life insurance off the table
while putting more drag on the "survivors".

Oh yeah!!!

All them mortgaged escrow mfers don’t know how good they got it.

Easy pay property taxes and insurance coming out like a rent to own couch payment lol

Pay it off then boom, plop down a couple of big fat checks for property tax all at once and homeowner’s policy.

Kiss your stimulus money goodbye, lol

debt freedom is not for the faint of heart 😃

Current home is mine ,I paid cash outright. Bought and sold many over years ,had enough cash equity to pay for this one. Feels good to own my home.

We built a super insulated solar home in 1982 out of pocket.
The land payments continued until 1988.

About 1978. 23

Nope.

But I’m worth 10.2 million in liquid assets, several more in long term investments that I could cash out if I had to. I just keep my mortgage as a write off.

Oh, and I’m 25. I was an orphan, left in the woods. Was bucking hay in diapers, drove semis as soon as I was house trained. Never borrowed a dime in my life.

Show off.


I only got 10.1 million.

Sympathy whore