Halfway

[rowyn]

Eight years ago, I took out a mortgage and purchased a house.

 

As of today, that loan is less than half the original balance.

 

I still have five or six years left to go before it's paid off, but still.  Yay!

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Comments

[schpydurx.livejournal.com]

Congratulations on being a responsible, productive citizen.

Of course, the OWS crowd would think that you're filthy rich and that you need to pay your fair share of taxes, but still.

[rowyn]

I'm solidly in the bottom 50% of households by income, so the OWS movement is generally not targeting me for more taxes. But I do work at a bank, so I'm still an evil monster destroying all that is good and right in the world.

[shockwave77598.livejournal.com]

I only have about 7 left on mine too! Great feeling, isn't it? Even if I died today, our reserves could pay for the house outright and they'd be able to survive a long time.

[rowyn]

I think I'm saving 'great feeling' for when it's actually paid for. :) Even with interest rates at record lows, I just don't like being in debt. I have enough in retirement savings to pay off the mortgage and then some, but it wouldn't make sense to do that.

[mrw42.livejournal.com]

That's awesome! Congratulations!

[rowyn]

Thanks! I've been looking forward to the halway point for so long, and I almost missed it -- I just happened to be looking over my Chase accounts on Monday and noticed that it was almost there. :) With the payment today, it's official. Whee!

[duane-kc.livejournal.com]

Congratulations. Truly an achievement in this economy.

[rowyn]

It's been more a matter of patience than hard work on my part, but I have been fortunate in having a tolerant employer that appreciates my strengths and overlooks my shortcomings. :)

[trumpet-lily.livejournal.com]

Way to go! Getting out of debt is a goal of ours, too.

[rowyn]

I amI am looking forward to it! It still feels like a long ways off, though.

[beetiger.livejournal.com]

Happy demi-homeownership!

[rowyn]

Someday it'll just be me and the state owning it! Assuming I don't give up and sell before that.

[tuftears.livejournal.com]

Woohoo, congratulations! ^_^ Did you take out a 15 year mortgage then? And are you paying additional principal to end it quicker?

[rowyn]

Yep, 15 years. I've paid some extra principal in, although I'm not currently.

[tuftears.livejournal.com]

Good plan. ^_^ I gather paying principal in will save you on interest too?

[rowyn]

Yep! Unless your loan specifies otherwise (and they usually don't), any principal you pay early is principal you don't have to pay interest on later. :)

[terrycloth.livejournal.com]

So... after 8 years... you still owe a bunch... and this is good news?

I think this is the real reason I never bought a house. I hate being in debt almost as much as Delight.

[rowyn]

It does suck. Even if I don't hate it as much as Delight. Still, at least I'm starting to make progress on the mountain. n.n

[sythyry.livejournal.com]

Demi-woot!

Empowerment.

[jorrocks-j.livejournal.com]

You haz it. :-)

--Skarl the Dummer

[foxcutter.livejournal.com]

Fantastic!

[sf-reader.livejournal.com]

Great job! You deserve to be proud of that.

[detroitfather.livejournal.com]

That's awesome!!