May 18, 2014
I recently read an article from the U.S. that stated that Mortgage Burning Parties had fallen by the way side. And that it wasn't kosher to tell anyone you were mortgage free in this economy, that it is kin to bragging and making others feel worthless. So please excuse my next few lines if you will feel offended in any way. I will offer a sincere apology in advance.
We are very excited to be just 4 days away from being Mortgage Free! To celebrate, we are having just our family over tomorrow for a burning of the mortgage papers ~ copies but with all the pertinent info on them. Having worked so hard all these years to get to this day, never once missing a payment, always paying more than the set amount so we could get out of it sooner, sacrificing but never feeling house poor, just lucky to be here, we felt it did deserve a regal celebration. Ice cream cake and coolers all around!! Maybe beer for dh!!
It is a relief to have this phase of our life done with. Yes, we are building a new house but the equity in this house and the savings we've accumulated should cover most of the build. If we run over, our plan is a line of credit that would be done quite quickly. This has always been and will always only be our only debt. We did it! Looking forward to lighting these special papers and watching the hot embers burn off into the cool night sky.
Have you had a celebration
to mark a financial milestone?