We are officially mortgage-free!

[Anonymous]

Anonymous wrote:I am so sorry you were not able to capture a large 30 year fixed rate mortgage under 3%. I am loving making my mortgage payments from my high yield savings account and watching the account go up every month.

Boom! There's always one and here they are, always with the passive negativity.

[Anonymous]

So happy for you! Congratulations!

[Anonymous]

I have 26 years left on a 2.25%

[Anonymous]

Anonymous wrote:I have 26 years left on a 2.25%

Same but 2.8%. Trying to get it done in 10 years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I have 26 years left on a 2.25%

Same but 2.8%. Trying to get it done in 10 years.

Why? You can get 100% risk free guaranteed returns greater than 2.8%

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I have 26 years left on a 2.25%

Same but 2.8%. Trying to get it done in 10 years.

Why? You can get 100% risk free guaranteed returns greater than 2.8%

Totally agree. Very dumb, PP. You should be putting that money into a HYSA at 4.2%. After paying at least 32% in taxes (24% federal and 8% Maryland), your 4.2% return becomes 2.85%.

That 0.05% extra is huge. By paying off a $300,000 mortgage instead of keeping that amount in an HYSA, you’re giving up TWELVE WHOLE DOLLARS EVERY MONTH. Never mind that by paying off the mortgage, you would eliminate your largest monthly bill and protect that money from creditors—you gotta chase that yield!

[Anonymous]

I bought a 1M home in McLean back in 2008, and while I had enough cash to pay off the home in cash, I only put down 20%, 6% interest rate, and invested 800K in the stock market. In 2025, that 800K turned into 8M, while my house only goes up around 2.5M. I refinanced again 2019 for a 2% 15 years interest rate. I used the money to put into the stock market, and the past six years, I make more than seven times. My current mortgage is around 400K and I can easily pay that off anytime but I do not want to do so. FWIW, my property tax is around 26K/yr.

Paying off the mortgage is generally not a good idea when you can use that money to invest in something with better return, especially if the interest rate on the mortgage is 2%. YMMV.

[Anonymous]

Congrats!! That house is YOURS!!

[Anonymous]

Anonymous wrote:I bought a 1M home in McLean back in 2008, and while I had enough cash to pay off the home in cash, I only put down 20%, 6% interest rate, and invested 800K in the stock market. In 2025, that 800K turned into 8M, while my house only goes up around 2.5M. I refinanced again 2019 for a 2% 15 years interest rate. I used the money to put into the stock market, and the past six years, I make more than seven times. My current mortgage is around 400K and I can easily pay that off anytime but I do not want to do so. FWIW, my property tax is around 26K/yr.

Paying off the mortgage is generally not a good idea when you can use that money to invest in something with better return, especially if the interest rate on the mortgage is 2%. YMMV.

People don't know how to invest. Even the ones who happen to open an investment account with a help of a bank or a friend, just stare at the one ETF in it. Happened to me in 2007. Didn't get back in the game til March 2020. Glad RH came along.
Sold our three properties soon after and I'm attempting to catch up. I have learned so much since. Learned nothing holding real estate.
I am mortgage free also. Don't have it and won't any time soon. I'm happy in a rental after owning for years.

[Anonymous]

Hating mortgages are for people who have trouble affording theirs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I have 26 years left on a 2.25%

Same but 2.8%. Trying to get it done in 10 years.

Are you actively trying to lose money? A basic HYSA will give you 4-4.5% interest.

[Anonymous]

The total interest on my loan added to purchase price would mean 30 years after I bought it, I’d need to be able to sell it for 25% more than I paid. Right now it’s sitting around +30-40% 5 years in.

Inflation adjusted I’m paying about 1000 more month PITI than what my rent was for 700 sf 1 bedroom 16 years ago.

My income has gone up by over 10x in that span.

If we are going to celebrate the people who borrowed and couldn’t wait to get out from under it because it was such a strain, we should also celebrate the people who have used leverage effectively to build wealth while staying well within their means.

[Anonymous]

Anonymous wrote:Woohoo!

congrats, hope to get there someday before I am dead, but back a second house before retirement and hope to pay down as we pull money out of IRA in our 70's

[Anonymous]

Anonymous wrote:I bought a 1M home in McLean back in 2008, and while I had enough cash to pay off the home in cash, I only put down 20%, 6% interest rate, and invested 800K in the stock market. In 2025, that 800K turned into 8M, while my house only goes up around 2.5M. I refinanced again 2019 for a 2% 15 years interest rate. I used the money to put into the stock market, and the past six years, I make more than seven times. My current mortgage is around 400K and I can easily pay that off anytime but I do not want to do so. FWIW, my property tax is around 26K/yr.

Paying off the mortgage is generally not a good idea when you can use that money to invest in something with better return, especially if the interest rate on the mortgage is 2%. YMMV.

We paid both our<3% home off early. Already had them on 15 yr loan. Freed up a lot of monthly cash flow. Love being free of debt. We have more than enough already in stock market.

[Anonymous]

Anonymous wrote:Hating mortgages are for people who have trouble affording theirs.

No, it is getting off the continuous debt train. Free at last !😁👍