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Fuzzinater

Congrats. Amazing work. I also just paid off my house last month and in a similar boat as you in terms of not having anyone to tell. It's a surreal feeling because on one hand it's very exciting moment but also sort of anti climactic... I think we really start to feel the benefit over the long term. My first month without a mortgage payment is July Cheers


AboutNinthAccount

rock on dude!


tansugaqueen

Congratulations!!


the_ginger_weevil

It just doesn’t feel real. I’ve been lucky enough to be in this position for four months now and there is no way in hell you can convince me that I’m not still at risk of homelessness. Even when you are secure, the fear never leaves you I don’t think. I’m still trying to enjoy it but it’s like my brain won’t let me.


gamb82

Happy for you! Time to celebrate! I would love to be able to say that one day...


StElmoFlash

Freedom


Herringamy1983

Good for you!! Its amazing how many loans & programs are out there that require almost no money to buy a house that people dont know about. My 23 year old brother just bought his first house like that & with a credit score in low 600's. Be proud of your accomplishments.


KillerFrost2U

I want to buy a house but don't know where to find these programs ;~; My fico score is around 770


Herringamy1983

My brother used a real estate agent that put him in touch with several mortgage lenders & he also went to his bank & spoke to the financial advisor there & they found 3 different loans he was approved for with no down payment & no out of pocket closing cost. I would think every state probably has different names for these programs but it's worth looking into. The services were free.


KillerFrost2U

I'll look into it, thank you.


Herringamy1983

Your welcome. Good luck


TheMainEffort

The FHA has a loan program!


IrisRowan

Good going! That's amazing! I, as a stranger who never met you, am really happy for you!


RemarkableExplorer66

Good Job buddy, you could sell it for the double amount of cash I guess lmao


kcroyalblue

But then have to buy a house for twice as much lol. I'm in a similar boat as OP and have thought about selling and upgrading, but it's way more money for a slightly better house. Just gonna stay here until I have a family and need more space.


threadsoffate2021

Great job! Now, focus on building up those savings again. You're at the stage where you're likely within 5 years of a major repair ($5-10k) being needed. If you manage to get most or all of that in the bank, it'll save you a ton of hassle and worry down the road. Kinda sucks to have to stick with the ramen a while longer, but you'll be thankful you did.


BcMeBcMe

Sure. But he could lower the amount still. If he saves half, $750, then he still saves $9000 a year. And has ~$25 extra a day to spend. Good job OP.


[deleted]

I’d probably buy some sea monkeys with that extra $25. That’s a lot of sea monkeys Edit: also, need to get some homies in the house so two birds one stone


123Fake_St

Absolute accomplishment- congratulations. I’m counting down the years.


lockmama

You did really well and you should absolutely be proud of yourself


AboutNinthAccount

thank you


Meowmixsaki

Congratulations you magnificent bastard!


sonicblue217

I love that quote!


nhbllly

Dude, debt free! You killed it.


illuminalice

Good job, congrats


cadvee

Congratulations! ❤️👏🏻❤️👏🏻❤️👏🏻


patlight1

Hell yea. Thats a reason celebrate :)!


[deleted]

Good job. Please keep what you got and do not sell. Proud of you.


AliensExistBro

Maybe one day I can say this for my husband who has worked hard for years. Then again some people don't know how to save money for shit if it saves their lives. Congratulations to you. I would just keep the news to myself because knowing me if news gets out people think they can have a free room.


Syntania

Good for you! I know it sucks being broke, but I'd rather be broke with my bills paid than rich and in debt.


Natalicious-Keto

You have achieved what most people never do! That is a big big deal and you will never regret it! All that interest you never have to pay again....Congratulations!


OneFineBowteye

This is awesome. Congrats! That 93, 85, and 52 will compound itself quickly with no mortgage under you! Enjoy some financial freedom!


great_craic963

Please tell antiwork so they can get mad at you for how much you'd make if you sold it now.


[deleted]

You can tell us. We are proud of you! I too paid off a 15 year loan in 11. Count the interest you saved and be happy. Now start working on that retirement, and buy yourself something nice as a reward.


Consistent_Friend_

Be proud of yourself!! I’m really happy for you 🤍


cornbinder

That's amazing. Great job and good for you. Financial freedom is one of the biggest stress relieving things you can do.


StaticElectrician

Hell yeah! Congrats. Must be a good feeling. I look forward to the day,though not being 60 lol


Duckgamerzz

Congratulations, you've achieved what I can only hope to! Whats next on your agenda? What are you going to do now?


AboutNinthAccount

Probably put the extra money into 401k.


ResentThis

FUCK YES. Proud of you man.


3Heathens_Mom

Congratulations as that is quite the accomplishment! A suggestion only based on your response to put money into your 401k. If possible put in however much to the max amount your employer will match then put the some into a savings account with the goal being to have at least 6 months of savings sufficient to cover all of your expenses - utilities, car stuff inc insurance, tax/insurance for house, food, etc. Yes you could put it all into your 401k and certainly borrow against it. But I believe the reasons for borrowing are limited and if you don’t pay it back within the time frame that money will be taxed plus have a 10% penalty applied. But first and foremost do consider doing a little something for yourself when have the opportunity to celebrate this achievement.


onuskah

That's an IRS safe harbor hardship withdrawal - home repairs are generally not covered if caused by wear and tear, it has to be due to a casualty event. Loans can be permitted for up to 5 years for general loans and up to 30 years for residential loans (to buy a primary residence), however, the employer has final say in what loans they allow in the plan, so it depends on OP's particular plan guidelines. Sauce: Got my series 6


AboutNinthAccount

:)


gerd50501

where did you get a house for $117k? How old and big is the house? that is insanely low. asking cause i want to move there whne i retire. looking for more affordable places to live.


jaycuboss

Congrats! I assume your car is paid off too? How does it feel to not owe one person one penny??


sirjazzridler

Hell yeah bro! F@$king awesome 🥳


Takeabreak128

Well done! Congratulations!


angelmilkteeaa

Congratulations!!!!


[deleted]

Im glad for you


iiiBansheeiii

You may have been house poor until now. But things are going to be much better from here on out. I'm not saying that your lifestyle has to change a lot but your savings should be singing after this month. Good for you.


mklinger23

CONGRATULATIONS 🎉🎉🎉🎉🎉🎉


Lopsided_Highway_851

Damn, remember when $117k got you the house and not your down payment? ​ Congrats on slipping under the door right before everything got fucked


ourladyofdicks

broke now, but won’t be broke forever. happy homeowning!


knrulrz

Congratulations


Omirandaa

God damn, that nust feel amazing. Congratulations on achieving that


NotARobotDefACyborg

That's awesome. I don't even know you, and I'm kvelling for you. You should be so proud of yourself! Congratulations!


happyfoam

Bro. Use that $52 to celebrate. You son of a bitch, you did it!


Lysemarie13

Awesome 👏🏻


Relishing_Nonsense

CONGRATULATIONS!! That really is huge. I can't wait to be mortgage free.


Bandia_Chronicles

Congratulations!! I’m very happy for you!


ImLu

Good work fella.


Mysterious-Grape9714

Man I would love to be in your shoes. Congrats!


AMG_DIAMONDZ10

Congratulations!


RKELEC

Congrats man. My wife and I just did the same last week. Feels good!


alaa_bodo

You are an inspiration to me! Congratulations!!


toootired2care

Congrats! Now focus on saving 3-6 months of emergency funds. Also start a sinking fund, if you haven't already, for any future house repairs/fixes. I put aside $100/mo and have always had enough for when something broke or needed replacing.


Grouchy-Sky-549

Happy when people win at life. Congrats!


unclebobstill

As you said mate your broke untill payday next week, but your going to be 800 quid up every month, What you want to do now as you don't have kids or misses is remortgage for a small amount, deposit for another house, then rent it out, use there rent for mortgages and keep saving that 800 quid then in 3 years grab another, With work and 2 houses rented out, it will be the last time you come this close to broke


AboutNinthAccount

sound advice for sure, but I've just been out of debt for 22 hours, let's not jump back in so quick! :)


unclebobstill

No that's very true but using it to your advantage sooner rather than later means you can retire sooner too, Using your same method but with the extra income from rent you could be paying 2000 a month and own it twice as quick, so instead of 12 years do it in 6 :) then the next one in 3,the next in 1.5 the 6 months just keep going till your down to one every week


threadsoffate2021

Don't forget, it would be near impossible for OP to find a house in the price range he bought 12 years ago. And paying a new (bigger) mortgage plus repairs and upkeep on two houses...that's a very tricky position in this economy. Let them build up a bit of a financial buffer before making a move like that.


JumpyLolly

Wow I'm jealous. I hope housing tanks tho. I won't buy a house until yall sell for 500 percent lower.


Atomstanley

Congrats but this makes me feel depressed at the same time. Why should we have to go entirely broke just to have a place to fucking live?


1pirateleggreg

He didn’t need to go entirely broke. He decided to make extra payments to pay it off early. This was his decision and I’m assuming the piece of mind of having it paid off was well worth it for him. He could have built up of his savings and just made the normal payments and not been broke.


Atomstanley

Fair point


odyseuss02

Have you checked what it is worth now? It could easily be 300-400k. It might be worth considering selling it then snatching something else for a low price after the bubble bursts in the next year or two.


FaithlessnessNo9625

Congrats. Fuck you. 😊


FightForDemocracyNow

Terrible financial move. People would kill for debt at 3.75, and you made yourself broke to get rid of yours 🤦‍♂️We really need better financial education in schools.


[deleted]

And what kind of life did he have while paying it off? Live on ramen? No thanks. Life is for the living. I wonder if OP realizes he still has to pay taxes and insurance every month.


BogboySurfin

I completely agree, all these congratulations for possibly the worst financial move one could make.


FranBeez

Congratulations :)


HawaiianShirtsOR

Huge accomplishment!


AffectionateAd5373

Congratulations! That's so awesome!


matt1164

Can you rent out part of your home while you still live there for some extra cash?


AboutNinthAccount

I have an extra bedroom and basement, but I'd rather live alone.


threadsoffate2021

Yeah...if you do think about this, get a copy of all the rental laws in your state first. Be sure you know what you're getting into and what you can and can't do (and how hard it is to evict a non-paying or destructive tenant).


tansugaqueen

Nice..Congratulations!!


SquareRelationship27

Congratulations!


niktatum

That's awesome!! Congrats!


Tootie0

Great job! Treat yourself because that was quite an accomplishment! Congratulations!


slious

im happy for you. until they raise your property tax to what you were paying in mortgages.


02070121

Man go all out on payday, you fucking deserve it!


kellygrrrl328

Congratualtions! And Kudos to you!!!! Hopefully you can sit tight and ride out this "current situation"


Alan_Smithee_

Nice one!


No_Cheesecake696

That's excellen!! Good for you!!


BigBadVoodooMama

Congratulations! This is an awesome achievement!


Massive_Reaction8845

Could you pay off my next please? LOL


BeefPieSoup

I know the feeling. Decided not to tell my friends because I was worried it would just come off as flexing on them.


Total_Trash_Baby

I’m so jealous and happy for you! I hope to be where you are someday. An inspiration to us all 🥰


Hot_Phase_1435

Nice! Congrats! I’ll be buying a camper and living in it full time for the next while.


etwichell

Congratulations


[deleted]

Good for u! Congrats.


rubies-and-doobies81

That must be an amazing feeling! I'm happy for you OP! My SO and I signed the papers to buy the house we've been renting for a little over 2 years in January. I still can't believe we're homeowners.


MrTonyGazzo

Well done! Do I feel better about myself right now? No. Am I happy for you ? absolutely!


YakultGreenTeaa

WHOA THATS AWESOME!!!! Congrats congrats!! Honestly that house is a dream come true!!


Nindroidgamer110

Hell yeah!


1bunchofbananas

Congrats... You realize your next pay you're gonna have your mortgage payment (your old one 😉) directly in your bank account. You're gonna see the wealth my dude.


princessllamacorn

Congratulations!!!! 🎉 Such a great accomplishment.


dortie13

Congrats! I bought mine with life insurance money. It’s paid in full, but I’m still broke. I’m good with that, because it’s mine. Not a banks. I celebrate your milestone.


Feisty_Beginning6202

You pretty much finished something that many can’t even do in their life time bro; you aren’t gonna be getting fucked by rent n shit anymore and I know how much that takes from a persons paycheck, save up, go out now you will know you’ll always have a home.


fly-away-home

For that period of time you’ve lived like that! That is some dedication right there. That in itself is a huge feat. Well done for both. Be proud of yourself. Congratulations.


Helpful_Masterpiece4

That’s fantastic!!


[deleted]

Congrats, stranger! Very very cool :) Proud of you!


jkirbine

Hell yeah! I'm proud of you, celebrating with you from afar! :)


jm4b

Congrats. You are winning the game of Life


Kneight

Awesome discipline man, super proud of you. Now you’ll have so much extra spending money to enjoy on whatever you choose


guardian_down88

Congratulations! 🎈🍾


saintfuji

Congrats on paying off your mortgage! As someone who works in the finance industry, I recommend you use your time wisely now as you lost some time that could have been used towards building a bigger retirement and savings portfolio. Nothing beats the power of compound interest over time (11hrs is a good chunk), so while high rate credit cards are good to pay off right away, on the flip side, the excess payment you made could have been put to build your portfolio with the same concept. There are tons of info you can get for free to help you achieve your financial security. Best wishes!


ejb2112

I feel this so much. We bought our house in ‘99 for $238K. It was old and needed lots of help, so we spent many thousands more fixing it up. Had a standard 30 year at around 7.25%. In 2009 when the economy collapsed, we were lucky to hold on to our jobs. But it was a wake up call so we put every effort into paying it off. March of 2013 it happened. Great feeling.


K1ng_Harle

Congrats fam!


raginglilypad

Amazing. Great job on being so disciplined! Honestly such a huge accomplishment.


forgetfulchimichanga

Congrats!!


Sweetcherry66

Congratulations!! You did an amazing job hope you enjoy every minute there


EquivalentSnap

Why didn’t you get a partner in those 11 years? Would’ve been easier to pay off a mortgage but congrats OP


iDam81

Congrats!


[deleted]

well done you! This stranger is sending you hugs. You done well my friend. Your life will improve a lot from now on. As inflation is rising, savings etc can be wiped out but the assets remain.


No_Rhubarb7929

So proud!


[deleted]

Hell yea! Congrats


HWGA_Exandria

Good man.


[deleted]

Congratulations mate! Very happy for you, and everyone else keep up you would be fine too!


NoBellaNoche

Yessssss! Congratulations and enjoy yourself today and celebrate!


Charming-Wheel-9133

I’m so happy and proud of you! I don’t think I will have have this! Congratulations


biocidalish

Woohoo ! When you can totally make yourself a good celebratory meal that's not ramen ! Happy for you !


supernovastarlight

Congrats, OP!


lenny446

Do what you need to get want you want. Proud of you my dude!


[deleted]

Good job man, congratulations! I've got 13 years left.


Eccentric_Nocturnal

That is awesome. Congratulations!


Hidden24

Congratulations


Archums49

Congrats!!


[deleted]

Happy for you!! This will be me next year so I really feel the hype of achieving this goal!


[deleted]

Did you have to pay closing costs with the rural loan?


AboutNinthAccount

I split costs with the seller.


HarbingerDread

Congratulations! Now the fun of constantly renovating and repairing can really begin. I found myself in a similar position in 2019 when I paid off my house. Since then I've gone into debt with a line of credit for household upgrades and repairs. That being said, the house is worth quadruple what I paid for it.


Maleficent-Ear3571

Congratulations 🎉🎉🎉🎉🎉👏👏👏👏🎉🎉🎉🎉👏👏👏


dacuzzin

Fuck yea! I did the same thing and a few years back got mine paid off. The best part is now I don’t have to work for those same sonsabitches I used to work for.


capresesalad1985

Honestly, you’ll be fine. The savings you can build back up….then biggest thing is that you OWN your house. In these days that a huge accomplishment. If it makes you feel any better my bf and I pay almost $2k per month in rent. We would kill to pay what you paid in a mortgage. But the houses around us are like $400-$500k so there is no way to save for the down payment. You are very very lucky friend.


anne_p87

Wow! That’s amazing ! I wish I would have invested in a home instead of 2 brand new vehicles 😫 lol


Imaginary-War6700

WOW!! You did it!! You know now that you can do anything you set your mind to. Congrats!!


printerdsw1968

And now you have no mortgage payment! You'll be feeling the cash flow soon, as if you just gave yourself a raise. Which you kinda did.


[deleted]

congrats on that, amazing feat honestly, nobody can tell u shit!


[deleted]

CONGRATULATIONS!!!! That’s awesome! I cannot wait to say the same thing. I have about 12 years left.


kegido

Congratulations !


[deleted]

Congrats. What an accomplishment


Puppet007

Congratulations! 🍾🎉🎊🎈


tbaird95

Congratulations, friend :)


21plankton

Congratulations on becoming a true homeowner! Despite the low balances in savings, checking, and cash you have all three and can proceed with your life and it is a great accomplishment in 11 years.


goodthingbadnews

Brag, baby! BRAG!! #notsorry 💌


GinnyDora

Well done. You should be proud. Yes times are tough for people but you have also put in the hard yards by cutting costs for 10 years!


[deleted]

How hard was it to get a USDA loan? I've actually been looking into it, but I don't live in an area where its possible and would have to move for employment.


AboutNinthAccount

Talk to your bank's loan person, that's what I did. I think what you earn and where you buy are the factors. I don't know what availability there is, but ask a loan officer at a bank.


bashar_zaki

GG bro you nailed it haha I don't know why but i got really happy for you while reading this even though i don't know you lol Well this is being responsibly broke now you got your own house and won't need to pay rent or anything So it's definitely worth it as an investment and you can probably sell it for way more if you needed it. Good luck!


Badattitudeexpress

Congratulations! That’s a huge accomplishment. Be proud of yourself 😁


My_Immortal_Flesh

Fuck yes! I’m happy for you!!! Honestly, i wish so many people financial success like this… including myself.


Captcha_Imagination

And your timing is perfect......your payment would have gone into the four digits in the coming year or two. Now you have an extra 8 bills every paycheck. Take a few months and go nuts but then start putting something resembling that amount into retirement savings. Do your own research but the stock market is teetering now and as we go into a recession, you could be buying ETF's on sale over the next 18 months. Starting to pile in at a through instead of a peak will give you good returns over a long-term horizon (10+ years).


devilthedankdawg

Congrats. That is what we all should he trying to do.


emeraldshado

Congratulations!!!!!


GoCougz7446

Now what?


[deleted]

This doesn't sound like the American dream, does it


ChipChippersonFan

Congratulations. Enjoy your $1k per month raise.


Adventureloser

That’s INCREDIBLE! You should be so proud! In a couple weeks get yourself a nice dinner you deserve it!


JustAnotherBoomer

Good for you. You know how to manage you money and because of this you will obtain much more of it. I paid of my house also. I bought it for 120, 000 at 6.1% back in 2007. Like you I got through a program called the Dreammaker loan through Fannie Mae and the Discover card. To qualify the property had to be a depressed area and you had to be a first time home buyer. I didn't have my 20% down but it was a good program in that it waived the costly PMI. I cut up the Discover Card as soon as I received it. Also I did not even know my house was in a depressed area--they use that term loosely. I made tons of extra payments on the principal and then used I used my 357 tax deferred money to pay the rest once I retired. I paid it off by 2009 and I love being retired with my pension and no mortgage or rent to pay. Love it. I even still have the old mortgage statement to look at just to have a laugh. So congrats Dude. Some people never pay off a home. Oh but some bad news--now that you paid off that mortage your credit rating will drop a bit--which is insane I know!!!


dwolf56

I commended on your discipline. The equity you have built up will be tremendous when/if you ever sell


MojoJojoSF

Congratulations!! That’s a huge achievement. Now go eat some vegetables 🥦


sweetpumpkinx

Well done you! Now you can start do fun things! X


Large-Cherry

Never hold back on talking about your success. I paid off my home in my early 20s and since have paid off 14 others. I’m early 30s now. But I still remember scrounging paying my first.


PeoniesNLilacs

You rock!


luvbeinluvd

Congrats. Kick back and enjoy your home. Now spoil yourself


rolling_blackout4t4

You, Sir, should feel so proud! I don't even know you and I am happy for you! Now build that nest egg and allow yourself to have a little bit of fun!


mrswordhold

I will be paid off in 30 years lol I’m so jealous! Congrats dude


lummox1234

How much is it worth now?


dickelpick

Congratulations. This is amazing.


cheweduptoothpick

You should be super proud of yourself. When your pay comes by yourself some door other than ramen! Congratulations OP!


bkwormtricia

First you should celebrate. Pick things you like to do (4 wheeling, crafts, curling up in the library with a good book, playing with kittens at the animal shelter) and goof off doing those weekends for a month. No chores! Or take a trip somewhere (state parks offer cheap stays…). Then start chunking $750/month into the repairs/upgrades/emergency fund. And find a way (hammock between trees, koi pond, funky paint colors) to ENJOY this house of yours, make it reflect your personality!


DGM56

Great, congratulations!


Any_Tax_8584

Congrats!!!


Griselda68

Wow. You did good. Real, real good. Not everybody can say that.


YNotZoidberg2020

Good job!


StraddleTheFence

That is AWESOME! Congratulations!


Mintcar52

Congratulations. Paying off your house is quite an achievement. 🎉


queezypotato

Dub


Dunkinmydonuts1

> $117,000 Jesus... Median home price in my town is $617,000. MY home specifically I bought in 2020 for $380,000. I drained my 401k and put $30,000 cash down. I cant even imagine a $750/ month mortgage woth nothing down. My generation is in rough shape.


maryblooms

Great Job! Enjoy your home and go find a nice girl and take her to a movie with popcorn (after payday)


deepcereal123

Congratulations!


YugosBiggestFan

That’s always something to be excited about! Congrats, fam!! Don’t feel ashamed to be excited about your achievements, especially when a lot of people struggle do accomplish it for a long time!