The disappearing mortgage burning party

Monday, August 10th, 2009 | Misc |

NPR - Mortgage-Burning Parties Almost Extinct.

Watching “All in the Family” as a kid was my only exposure to the idea of a mortgage-burning property. My mom paid off her mortgage a long time before she retired, but didn’t burn the mortgage.

The larger point of the story is how few people actually pay off their mortgages these days. Refinancing and moving have kept many people hitting the reset button on their mortgages.

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