We Paid Off the House!

Guys, I can hardly believe it. On December 19, 2019, we paid off our house!

We weren’t planning on being this gazelle. But after our mortgage company started giving us a hard time about making additional payments in November, we knew we just wanted to be done. Also, after having our new baby earlier in the month, I was totally over all of the overtime my husband was working. I wanted him to be home more often, but he was committed to working long hours until our home was paid off.

So we cashed out some investments. We used my husband’s entire bonus. And we nearly drained our emergency fund. After doing this we were able to pay off the mortgage several months sooner than anticipated.

It feels so surreal. We are taking a minute to breathe before deciding our next steps. Building up our savings account again is crucial, so that comes first. After that, I don’t know what goal should come next. We want to start a car fund since both of our vehicles have over 200,000 miles. We also want to save for a house upgrade or land. We were able to pay off our current home relatively quickly since we downsized twice during the last three years. My dream is to one day live in a home similar to the one we left in 2017, but this time without a mountain of debt. I do not want to be house poor ever again!

The peace financial freedom brings is much better than feeling poor while living in a large home. We are not financially free yet, but I know paying off our current home is a huge step in the right direction. We are so grateful and thankful to be done with this mortgage!