Saturday, July 21, 2012

Mortgage Payoff A Memorable Experience For One Bay State Homeowner, Lender

In Milford, Massachusetts, The Milford Daily News reports:

  • A penny saved is a penny earned, but for one Milford man, a lot of pennies saved is a mortgage payment. Thomas Daigle delivered a pair of boxes to the steps of Milford Federal Savings and Loan Association this April that contained more than 62,000 pennies, which he had collected for the past 35 years.

    In 1977, he and his wife Sandra married and moved into their current Milford home. After he purchased the home with a mortgage from Milford Federal, Daigle made it his mission to make the final payment in pennies.

    He said that he just wanted to make his last payment “memorable.” “It was something I wanted to do,” he said. “I always follow through.” “I was just praying I didn’t die first.”

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