mortgage burning party: Should You Pay Off Your Mortgage Loan? - 02/24/11 02:33 PM
Back in the "old days", it was the 'American Dream' to not only buy a home, but also to actually pay off that debt.
There were actually "Note-burning" parties.  You would gather all your friends and family around so they could watch you burn your mortgage note papers once you paid off your loan.  I've heard from many people over the years that attended those parties and how exciting it was for the host.
It seems that no one ever pays off their mortgage these days.  Is it because of the amount of the loan, or the fact that no one … (6 comments)