We just paid the 2nd to the last payment on our mortgage!     

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It’s an odd feeling.  Now that I’m so close I’m actually feeling a bit anxious about what comes next after we do pay off the mortgage.  At this point, we’ll be totally debt-free.  We don’t have any car loans (I paid off my car loan last year), nor do we have any credit cards with balances on them.   I’m excited but intimidated by the fact that I will be starting at ground zero with my next financial path which is financial asset accumulation. 

So what does my house look like?    

Our house is similar to this one.

Well, it’s a colonial-style house that is a 4 bedroom house, it measures about 2,100 square feet and is about 10 years old.  We only have about 1/4 of an acre, so our lawn is pretty small.  Luckily we live relatively close to a park (it’s only a few houses down the street).  We have a kitchen, recreation room, media room (computer/library), 4 bedrooms, kitchen, laundry room.  We didn’t finish your basement yet, but if we did, it would add at least another 600+ square feet.    

To me, our house is just a house, but to my kids and wife, it’s the perfect house.  I often throughout a “let’s looks for a new house” speel, but both my kids and wife are content where we are.  Financially, it makes sense for us to stay too, but I get antsy sometimes.  

It will have taken us a little over 10 years to pay off our mortgage.  Initially, we started with a 30-year mortgage.  But through extra payment and few refinances (we switched to a 15-year mortgage), we whittled it down.

My next payment will be a little more expensive for me, it will be $1,581.  But then that’s it!