Friday, November 21, 2008
Mortgage Burning Ceremony
We had a mortgage burning ceremony at church - along with a spaghetti supper - which they call a 'spaghetti feed' - which I think is funny...
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Oh...how liberating. I hope it didn't set any smoke alarms off!
ReplyDeletewas it a mortgage that the church held? or was it a member's mortgage. it would be a cool celebration either way.
ReplyDeletewe paid off ours a few years ago - but didn't do anything at all except write the check. we should have planned better - it would have been a good reason for a PARTY!!!
love, k
Hi Donna,
ReplyDeleteNo, we didn't this time - but we were at another church and we did a mortgage burning and did set off the alarms and the fire trucks came and everyone had to evacuate the building - kinda funny in hindsight...
Hey K,
ReplyDeleteYep - this was the Church's mortgage but also included the parsonage where we live. I definitely agree with the party idea - you should have done...
Love,
T
Always a happy time to pay off a mortgage. More money for other things now. E
ReplyDeleteA church is considered a commercial enterprise, and it require its mortgage as a commercial mortgage. For low construction cost and low interest rate church mortgage is suitable way to finance.
ReplyDelete