Hey debt fighters! Today we get to share in a celebration as Steve Stewart writes a Dear Debt letter to his mortgage. Steve is a fellow debt hater turned Financial Coach over at SteveStewart.me and is about to launch a new podcast about how to have “No Debt, No Credit, and No Problems”.

Dear Mortgage,

I remember meeting you in September 1999. I thought I understood you and all your tricks. What I didn’t understand was what you would become when you matured: Part of the 5/1 ARM Club.

It wasn’t until 2003 that I woke up and learned what was going on. The 5/1 ARM Club was a temporary thing, a fad – wasn’t it? That’s why my wife and I worked so hard to convert you into something more traditional – a fixed rate mortgage. BTW: Thanks for losing rate! It helped a lot!

As I learned more and more about money, I realized your friends were thieves! The car loan and credit cards were stealing our wealth. It was too easy to swipe for anything I wanted without stopping to think if it was actually in our budget. And the car loan never made sense to me either. I was just so stupid back then and thought debt was the only way to buy a car. #dumb

You weren’t happy when we banished them from our lives, especially since it allowed us to pay cash for the kitchen remodel and new windows instead of getting you a life partner: the HELOC and I just couldn’t hit it off!

Now it’s time for us to say goodbye. I know you didn’t do anything wrong – you stayed predictable and dependable the entire time. But the house will be so much brighter without a cloud of debt hanging over it. You want the best for us, right?

What? Wait. Hold on…stop it…STOP IT! I won’t listen to your excuses anymore!

Look, nobody is blaming you – it’s me.

I think I told you: I’m a saver, not a debtor.

The house is mine

The doggone house is mine

Don’t waste your time

Because the doggone house is mine


Steve Stewart


Melanie is a freelance writer currently living in Portland, Oregon. She is passionate about education, financial literacy, and empowering people to take control of their finances. She writes about breaking up with debt, freelancing, and side hustle adventures at DearDebt.com.

Currently she puts more than 50% of her income towards debt, while living a frugal, fun life. In addition to her love of personal finance, art and music, she is also a karaoke master. Follow the adventure @DearDebtBlog.

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9 responses to “Dear Mortgage, The House is Mine!”

  1. Liz says:

    Love it! Congrats to Steve! Loving all the debt free stories on here lately. #motivationstation
    Liz recently posted…Frugal Last Minute Holiday Guide to Decorating and GiftingMy Profile

  2. Roz says:


  3. Congrats on taking out that mortgage! Eliminating debt comes with a tremendous feeling of freedom. Good luck starting with the podcast!
    Rob @ MoneyNomad recently posted…How Crowdfunded Investing Will Change America – Welcome to the “Own Local” MovementMy Profile

  4. ElleX says:

    CONGRATULATIONS on paying off the mortgage!!!!! (As a HUGE Michael Jackson fan, I caught the take off of “The Girl is Mine” at the end..love it!!! Lol)

  5. Congratulations!! This is awesome! I am so far in law school debt that owning a home seems like a million years away. It’s pretty interesting to read your debt letter – way to go!!
    Natalie @ Financegirl recently posted…How to Plan Your Best Year EverMy Profile

  6. I love this! We are getting close to paying off our mortgage–about 9 months to go I hope. We definitely hear and read a lot about why we should keep it around, and I agree it could make sense from a purely mathematical standpoint to invest the money. But it feels like that money isn’t really ours if we owe it elsewhere, and we just want to be done with debt. Great job, Stephen!
    Kalie @ Pretend to Be Poor recently posted…What’s All This Fuss Over Frugality?My Profile

  7. Preston says:

    #someday sigh..
    Preston recently posted…Money Advice from FarmersMy Profile

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