Clearing an enormous house mortgage may appear unattainable, however one techie has proven it may be finished and shared some hard-learned classes alongside the way in which.
A Reddit submit revealed that the techie’s house mortgage journey began in September 2019, with a ₹53 lakh house mortgage. By November 2025, the mortgage was totally repaid.
“I paid off my ₹53 lakh house mortgage in 6 years — Right here’s what I realized,” the caption of the submit reads.
Classes realized:
Techie reveals that psychological stress is actual. Overthinkers or these with nervousness ought to consider carefully earlier than taking a house mortgage.
“Don’t take a house mortgage for those who’re an overthinker or have nervousness points.”
Having a stable reimbursement plan proved essential. Consulting pals, household, or monetary advisors early on helped form a transparent technique.
Transferring overseas additionally performed a significant function. In 2021, relocating to Germany elevated earnings, which accelerated reimbursement.
“You probably have the prospect to work overseas, particularly with a mortgage, go for it.”
Pre-paying as a lot as potential was one other key technique. Whereas the principal was ₹53 lakh, the full paid got here to ₹67 lakh, together with ₹14 lakh in curiosity. The techie highlighted that it is a vital quantity, so cautious planning is important.
Proudly owning a house brings surprising challenges. Shopping for a home is emotional at first, however that fades when upkeep points begin piling up.
“On paper, my house is price ₹1 crore now, however my financial institution stability is sort of empty. So yeah, internet price ≠ liquidity.”
Upside of ending a mortgage:
Based on the techie, regardless of the challenges, there are particular upsides. Paying off a house mortgage brings social validation, with household, kinfolk, and neighbours providing reward; it could not pay the payments, but it surely feels rewarding.
“Should you’re feeling unmotivated in life, take a house mortgage. You’ll hustle tougher, chase bonuses, and handle cash higher.”
Try the submit right here:
Reddit reacts:
Reddit customers reacted with a mixture of admiration and curiosity. Many praised the Redditor’s self-discipline and willpower, whereas others shared their very own experiences or requested for recommendations on managing giant loans.
One of many customers commented, “What you achieved will not be a traditional one, however an enormous factor. The considered EMI getting away out of your sleep cycle must be celebrated.”
A second consumer commented, “Hope I’ll depart a remark like this sense happyyyyy.”
“I cleared my mother and father’ home mortgage, and truthfully, this is likely one of the greatest emotions ever,” one other consumer commented.
(Disclaimer: This report relies on user-generated content material from social media. PR.com has not independently verified the claims and doesn’t endorse them.)
