Mortgage Paid Off

What a way to celebrate our anniversary.  On Friday Gary and I went to the bank and paid off our mortgage to the house. 

I bought the house in 1986 and have been making monthly payments for 27 years.  During that time we have refinanced twice.  The first time was back in 1995 so that we could get the steel siding for the house and get me out of the FHA subsudized loan that I had, the second time was in 1999 just so we could get a lower interest rate.

It will take about two weeks to get the lien release, then we can file that at the courthouse.  We are also going to put Jennifer's name on the house title.  This way if anything happens to either of us, Jennifer has a house to live in.  Now we have to remember that we are going to have to pay the insurance and taxes ourselves, no more escrow.

It is nice to know that all the hard work in scrimping and saving has finally paid off, hard to see that our savings has dropped but just have to keep reminding myself what our final goal was.  It won't be long before we get our saving back up. 

We are going out to celebrate on the 11th with our biker friends.  I will post the mortgage burning photos up later, haven't burned it yet but we will.