Foo - Celebrating a mortgage payoff...ideas?

Well, as of about 20 minutes ago my wife and I entered a world free of debt. We are looking for ideas (inexpensive) for celebrating the payoff. Anyone have any grand ideas other than the ceremonial burning of the note...(after the lien is released on the property records of course)?

Some sort of effigy and party is in order. Maybe an effigy of banker looking guy with the name of the mortgage company that you burn at a party with your friends.

Go to the nearest 7-11 or convenience store and buy Slurpees for everyone there.

Buy each ohter a new bike!!!

Pick up a round of drinks for the entire restaurant when you go out to dinner tonight. On second thought...I like the bike idea better.:p

Take a long vacation.

Buy another house as an investment?

1) Burn down the sucker and crank up Talking Heads "Burning Down The House!"

2) Get new mortgage.

3) Wait 15-30 years.

4) Repeat

Take out a second mortgage and blow it all on coke and hookers.

Two words: Banker pinata.

Beat the crap out of it!

Take out a second mortgage and blow it all on coke and hookers.
MMM, soft drinks and fishing, the only way to celebrate.

congrats!!! that must feel so good. i would take a vacation and bring the bikes with.

Take the wife out for a dinner in Paris!!! :)

Take the wife out for a dinner in Paris!!! :)

+1

That would be a great way to celebrate.

Take a giant "HOME SWEET HOME" banner and string it across the front of your house!

No great ideas, but congrats! :)

Sign in the front yard "Don't Laugh, It's Paid For"

Congrats, after the celebration go to a good financial advisor and set up a monthly investment program that is close to your mortgage payment.

Burn the Mortgage contract in Effigy.....but keep the payoff documentation!http://img26.exs.cx/img26/2245/thumbsup8de.gifhttp://img26.exs.cx/img26/2245/thumbsup8de.gifhttp://img26.exs.cx/img26/2245/thumbsup8de.gif

Congratulations!

Congrats, after the celebration go to a good financial advisor and set up a monthly investment program that is close to your mortgage payment.

Damn good advice!

When we paid off our house 3 months ago we had a mortgage party. Funny thing is, I received as my birthday gift several years ago a 1983 Dom Perrignon and I promised my wife that I'm going to save that bottle for the day we pay off our house. Well, on that day we decided to save that bottle for another occassion.......hope it's still good and hadn't turned into carbonated vinegar...:p

Burn the house down and collect the insurance......buy a more expensive house and start all over again.

Bill

When we paid off our house 3 months ago we had a mortgage party. Funny thing is, I received as my birthday gift several years ago a 1983 Dom Perrignon and I promised my wife that I'm going to save that bottle for the day we pay off our house. Well, on that day we decided to save that bottle for another occassion.......hope it's still good and hadn't turned into carbonated vinegar...:p

It took me a long time to stop saving wine for a special occasion. Drink it, now; buy more, drink later.

buy each other A custom Indy fab...Hey at least you were out of debt :D

http://www.ifbikes.com/images2/2006/xs-lg.jpg

buy an investment property. I.e a condo in the mountains. And if that condo is in the Colorado Rockies, let me know -- I know someone who can help maintain/watch it ;)

Well, as of about 20 minutes ago my wife and I entered a world free of debt. We are looking for ideas (inexpensive) for celebrating the payoff. Anyone have any grand ideas other than the ceremonial burning of the note...(after the lien is released on the property records of course)?

a bottle of champagne..... carry her over the threshhold....and uhm.... well... you know.....

a bottle of champagne..... carry her over the threshhold....and uhm.... well... you know.....

That will have to wait at least another month...no alcohol when pregnant. I think I like the idea of a nice dinner out and perhaps a weekend getaway, but due to travel restrictions the weekend getaway will have to wait too.

Investment plan is already in place, and part of that investment plan includes hiring someone to do housework. This is an investment in happiness, not a financial investment. We aren't sure if we are going to go for a weekly or ever other week cleaning, but either is better than the complete do it yourself plan :)

I would buy a new bike, but I just bought one last month, and my wife says 3 for me and 2 for her is enough. maybe our 2.5 year old will be ready for a trail-a-bike soon and I can buy one of those! (she already has a 12" bike).

Call Dave Ramsey and scream on the radio. He'll let you! http://www.daveramsey.com/

Take out a second mortgage and blow it all on coke and hookers.



PURE.......GENIUS. love it

a bottle of champagne..... carry her over the threshhold....and uhm.... well... you know.....
...actually I don't. I'm married and have no idea what "you know" means anymore. I think he'd have an easier time with, you know, if he followed the coke and hooker advice.

...actually I don't. I'm married and have no idea what "you know" means anymore.

Let me finish that one.... "well.... you know.... drink the champagne while watching the game on your New 70" Plasma Television!!"

- yes, but have you had the payoff recorded yet, or are you going to have to take the mortgage company to court (like some folks)?

:-)

p.s. congrats! you are now in the 1% of homeowners with a paid-off mortgage!

(oh, and i'd recommend staying in and making a special dinner in your now wholly-owned home!)

We aren't sure if we are going to go for a weekly or ever other week cleaning, but either is better than the complete do it yourself plan :)Go weekly. We went weekly for a few years, then tried to do it ourselves, then went with a new person and every other week, and as of the first of November we will be back to weekly. With two kids, two full time jobs, church, soccer etc. it just gets to be too much.