Should You Burn Your Mortgage When You're Done Paying It Off?

Should You Burn Your Mortgage When You're Done Paying It Off?

Uh, no. Although people do have “Mortgage Burning Parties.” In fact, take, for example, this little tale from the LA Times:

When he was a kid in Elmira, N.Y., title attorney James Wytock lived near a church that decided to hold a combination service-ceremony to commemorate paying off its mortgage.