In some ways I can’t quite believe it has been a year since I paid off the mortgage. Something that was the focus of so much of my attention, scheming, and calculating, is now just history.
On the other hand, the downstream consequences of paying off the mortgage kept showing up months after the actual event.
I thought it might be worthwhile to go over the past year without mortgage payments, and review the different ways my life has changed because of it. I break this down into three different categories: new bills from the loss of the escrow account, increased cash flow without the monthly mortgage payments, and changes in attitude.
In case anyone reading plans to pay off their mortgage soon, I have a few recommendations at the end.
Continue reading “One Year Without Mortgage Payments”