Man o' MAN! Happy Day today Just thought I'd share that today The Bruised Banana is officially paid off!

Seems like only seven years ago...







...what am I talking about? It WAS seven years ago! Yeah, a rather lengthy loan...but Taska and I did a fre-finance about 5 years back when my own company had frozen merit raises. The refinance didn't cost us anything (other than a longer period to reach pay-off as the loan drop was worth it)...plus at that time it gave us back some necessary $$$ to offset the frozen merit.

Anyway...today its paid off! And better than that, Taska's truck gets paid off today as well! .



Soooo... now we're going to roll that money back into monthly payments against our mortgage principle. Should move our 30 year mortgage to roughly a 17 year pay-off

Woo-hoo!

- Dave

 

Congratulations!!

 

Mods are nice, this is better... Congrats!

 

Congrats Dave

 

congrats dave.
do you really want to pay off your mortgage early?
don't you lose the tax advantages?

 

There's no longer a tax advantage to mortgage interest. So yup, I wanna pay that sucker off as early as I can. The idea of paying a mortgage (I won't say how much -- but suffice to say going this route will trim off over $250K in interest payments alone ) payment for another 28 years... vs being done with it in 17 just has to be appreciated. Taska and I have no kids and don't plan to. So its all about planning now to have $$$ to put food in our mouths through retirement...and pills down our throats to keep us healthy...etc.

 

congrats

 

Congrats, Dave!

I am looking forward to that day myself... Just another three years to go.

 

Yeah..now its time for the motor to blow

 

So for a seven year loan does that make that a $40,000.00 S2000, I feel the pain fortunatley my S is paid for but I still have 5 more years on the 07 Ridgeline