Wrapping up Crossover I
2007-02-09: Mortgage balance reaches 0.
I wended my way though Citi’s phone system earlier today to confirm that they had received the payment. Estimates over the last few years put payoff anywhere from three years (a year ago) to one year (a few months ago), but backed up by un-expected savings bonds, cashed-out under-performing CDs, and a year end bonus from my employer, and finally the consideration that my ‘six months living expenses’ don’t need to quite so large without a mortgage, the picture got better every time I look at it.
This, however, after the initial recovery, leaves me with the question of what to do with my money. Real estate taxes alone means that housing will be far from free, but the mortgage was still a pretty big chunk of it. First of all, some art actually caught my eye a few months ago (Summit Doors being the lesser of them; I may make a more concerted effort to contact the other artist for Shore of Dreams after other things are taken care of.) Secondly, while my computer is holding pretty well (discounting the failed partition on the original hard drive) it won’t last forever. Neither will the car, and while it should have a long life yet, it has a corresponding large price tag. Beyond that, there charity, savings, and the great unknown future with opportunities yet to be revealed.
Meanwhile, would anybody be interested in a house-owning party?