Paid off my 15yr fixed at 4.25% a couple of years back. One of the happier days of my life.
We cash flowed and paid ours off a couple of years ago too. It’s refreshing. My AF retirement check was paying the mortgage. I kept getting surprised by extra money in the bank…money I can do what I want with.
Paid off my 15 year fixed eight years ago and the final car loan two years ago.
ZERO debt.
Never thought we’d ever see the day but in 6 more months we will finally be mortgage free
“Paid off my 15yr fixed at 4.25% a couple of years back. One of the happier days of my life.”
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Same here, it was in Dec. 2017, a 15 year mortgage paid in 13 years. Great Christmas present to ourselves. It was also the first of a number of loans we paid off, snowball method. Today all we have is a car payment and once that is paid (end of the year) we will never borrow again.
The long and short of it is while inflation and recession worries me alot, it’s doesn’t worry me as much as it would if we still had a mortgage.