I’m a single parent and just paid off my mortgage

Anonymous
I bought my small SF house in 2000 when, yes, housing prices were much lower, but interest rates were 8%. I refinanced several times, but finally made the last payment today. I didn’t make $100,000 until just before DD went to college.

I guess I just wanted to share because I’m not DCUM wealthy but managed this milestone. 25 years ago I was pretty apprehensive about this day ever happening, especially because I had a young child on my own. Not having a mortgage payment will really help in being able to retire in a few years.
Anonymous
Congrats OP. I am sure "that was dumb" jerks will jump in soon enough but that's a great accomplishment!! The house is "YOURS"!!
Anonymous
Ok
Anonymous
Whoot Whoot! Cheers to you; time to paint your door red!
Anonymous
Congrats, OP!
Anonymous
Anonymous wrote:I bought my small SF house in 2000 when, yes, housing prices were much lower, but interest rates were 8%. I refinanced several times, but finally made the last payment today. I didn’t make $100,000 until just before DD went to college.

I guess I just wanted to share because I’m not DCUM wealthy but managed this milestone. 25 years ago I was pretty apprehensive about this day ever happening, especially because I had a young child on my own. Not having a mortgage payment will really help in being able to retire in a few years.


Congratulations! Come on, tell us more about how good it feels
Anonymous
That is an amazing milestone!
Anonymous
Congratulations, OP! It sounds like you have accomplished a lot: single parenting a child to college, working your way up the salary ladder, buying then paying off your own home. Good for you!!!
Anonymous
Don't forget to restructure your finances so you can pay the property taxes, which I think are due semiannually? And I guess you'll need to pay homeowners directly now, too, since you no longer have an escrow account. (Speaking of which, will you get a refund from your escrow account from the lender?)
Anonymous
Good for you. We did too and it was so worth it.
Anonymous
Awesome!!!! So happy for you!
Anonymous
Congrats OP, that’s a great accomplishment! When your mortgage is that high, it makes sense to pay it off.
Anonymous
Way to go OP! Celebrate tonight!
Anonymous
Good for you, that’s awesome!!
Anonymous
Amazing OP!!! Congrats : )
post reply Forum Index » Money and Finances
Message Quick Reply
Go to: