Car Loan & Mortgage PAID OFF! YAHHHH!

I am so excited I can scream! Both my car loan and mortgage are finally paid off. I paid off my car loan before my mortgage, but I didn’t want to celebrate until getting rid of my mortgage. I made the final payment on December 21, 2011. Whoo hoo! I have been waiting for this moment since August 2000, the month and year I purchased my home. It took 11 years and four months to pay it off the full mortgage and I can tell you that the wait was so worth it. Paying off my mortgage was my Christmas present to myself, the best Christmas present ever. Well I got an iPad which I absolutely love but that’s just going to have to stay in second place. I didn’t seriously start to track the pay off of my car loan and mortgage until 2009. Click here for the details.

Now that I have no mortgage it’s going to feel a little weird not to have to give the bank money every two weeks. I have decided that I am going to save what use to be my mortgage payment, since I have been living just fine without that money anyways.

Saving my old mortgage payment won’t really be a New Years resolution since I made that decision last year. I actually don’t make New Years resolutions any more. Why wait until the beginning of a new year to try something new, or make a goal, or start fresh. Just do it when you want to change, and that could be any time through out the year. Besides I think New Years resolutions are over-rated. Gyms use this as a marketing tool to generate more business because many people want to loose weight for the New Year. Don’t get caught up in the hype surrounding resolutions. Do your homework if you plan to join a gym and NEVER give a gym access to your bank account. Check out community centers, their prices are often cheaper than larger gyms. Most condos have gyms as well, if you live in one or have a friend that does, take advantage of those gyms.

So what are some of the things that you want to accomplish?

14 comments

  1. That must be a good feeling to have a paid off mortgage, cars are paid off, it felt good to get that title.

  2. cmwywec says:

    @ Lorillia it was an amazing feeling to get that letter from my bank saying my mortgage was paid off. They didn't say congratulations or anything, but that's okay. Then again why would they say congratulations for not paying them anymore interest.

    What's funny is a couple weeks after I paid it off, they sent me a letter asking me if I wanted to go back in debt. I thought, are you seriously kidding me. I shredded that letter in a few seconds.

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  7. Credit cards says:

    What a great news at all!!!!!!!!!!!!!!!! I am also excited to know this exclusive news because my car loan and mortgage are finally paid off. Thanks mate for knowing us this essential news at all. Keep it up :lol:

  8. Bank loan makes easy for the people to buy a new car. Banks are providing loans in a very low interest which help people to take loan and also to return the money back to the bank becoming easy. But you have to submit some document as mortgage. That mortgage should be the original document and u can get that document after you will give all the money back to bank. These facilities helping the people to get their dream car in a easy gateway.

  9. House Plans says:

    Financial institutions are offering loans in a very low attention which help people to take financial loan and also to come back the money-back to the lender becoming easy. But you have to publish some papers as home financial loan.

  10. Selvin says:

    To have a car is easy but to maintain of the car is really very tough. From my own experience to buy a new car while having an old one is a tough task. In that both the car maintenance will became a headache .But when the older car not in a situation to continue anymore and if there is any life risk in those cases we should buy a new one because life is more important than car. So in those cases we can have a new car. Better to maintain the old car in a proper way so that it will run for a long way.

  11. Donald says:

    Buying a car is very easy now because banks are providing loans with some formalities. A lot of low income group are getting benefited through such service. But before going to buy a car, one should take help of financial experts for proper guide. One should prefer short-term loan because in short-term loan the interest rates are generally low.
    Mini Cooper service Ventura

  12. Bria Miller says:

    It is a dream for everyone to buy a car. Car is now essential for all to perform various day to day activities. Now banks are providing loan to buy a car. A lot of low income group has got a chance to buy a car, but proper planning is needed to repay the loan amount in appropriate time.

  13. John Mclaren says:

    This is true that car loans are headache if we are not going to pay them in particular time period. So, money is not going to support us in all time so its better to take some money on loan and have a car but at that point of time we must be capable to pay that amount else we may face problem. Also after having our car we have to maintain our car like we have to wash it in proper interval to maintain its look, we have to service it after particular kilometers of run and also we have to repair our cars from good repair centers whenever required to get better performance from it and for our cars smoother running. .
    BMW service Tarzana

  14. Jonathan Trott says:

    This is really a good post. Yes, as now-a-days cars are luxurious and stylish so much so we can use it for any purpose but, the main issue is that we have to maintain this car like we have to wash it in proper interval to maintain its style and also we have to service it after particular kilometers of run and have to change the engine oil and also we have to repair our car whenever required from good Mercedes Benz Repair West Los Angeles centers to get better performance from it and also for its smoother running. .

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Debt Pay Off Part 1 – Car & Mortgage Pay Off

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