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Old 05-27-2009, 04:20 PM
 
14,253 posts, read 14,851,273 times
Reputation: 13627

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We cleared our mortgage in 1999. I have never regretted it. The end of the month is so much nicer without the big payment going out and it has allowed us to build up some very nice savings.
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Old 05-27-2009, 04:25 PM
 
Location: Sunny Florida
7,136 posts, read 10,728,139 times
Reputation: 9448
I think you made the right decision. Best wishes!
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Old 05-27-2009, 06:35 PM
 
Location: Castle Hills
1,129 posts, read 2,293,685 times
Reputation: 605
About time!
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Old 05-27-2009, 08:43 PM
 
975 posts, read 1,549,266 times
Reputation: 523
Quote:
Originally Posted by westchester View Post
Im selling one of my property's......took wife to for a massage , lunch, and got OUR nails done and I told her to give her 30 day notice.............Debt, mortgage free here I come........I feel like their is no wrong decision.....so It goes on the market tommorow...ANY TAKERS......... thanks for your thoughts....if all goes well i will post my pay off letter on here....i turn 40 on aug 3rd so i would love to be debt free when im still in my 30"s
Congrats!

I think you'll find it's amazing how cheaply you can live with no mortgage or other debt. From the tone of your post sounds like you did the right thing too. Stress free is even better then debt free..hehe!
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Old 05-29-2009, 07:57 PM
 
Location: Eastern Washington
13,485 posts, read 43,073,300 times
Reputation: 11651
Yeah, I was going to quip that "you never get hurt taking a profit". My only hesitation would be what will the People's Republic of New York tax you on your sales profit?

But with your primary residence paid off, you can buy some other income properties later if you are so inclined.

Good going, congratulations on having been so successful so young.
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Old 05-31-2009, 05:19 PM
 
Location: In America's Heartland
929 posts, read 1,833,862 times
Reputation: 1173
I would sell and pay off your mortgage. To be totally debt free at 39 is a no brainer, especially with 4 young kids. I would be debt free today!!!
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Old 06-03-2009, 08:18 PM
 
Location: New York, Westchester
506 posts, read 2,010,393 times
Reputation: 232
Default Property is list.................

now we wait and see.........................
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