I feel so lucky!

iVillage Member
Registered: 10-01-2008
I feel so lucky!
7
Thu, 09-19-2013 - 1:38pm

I will be signing our refinance on our mortgage Monday. We will be saving 2% with a fixed rate of 4.875% and only had to pay for the $350 appraisal and bring $225 to closing instead of making a full house payment for September.  Who would have thought that someone in Chapter 13 payments and with credit scores of 605 & 619 (TransUnion) could refinance?  We've cut 5 yrs. off the term of the remaining loan and went with a 20 yr. mortgage.  Even with me quitting work next spring, mostly due to my health, we can still payoff easily in 15 yrs. and more than likely 12 yrs.  If I take what I was paying for fuel each week in my truck $70 and the $43 a week for the court that came out of his check and applying it to the loan, we can pay off the loan in about 11 yrs.  

Now....if I can just find my inner MaryAnn and make those extra principal payments work like they should, I'll have it whipped out in no time flat.  

iVillage Member
Registered: 11-14-2008
Thu, 09-19-2013 - 2:01pm

This is the power of snow flaking and snow balling people!!! I am so excited for you Norma!!

Community Leader
Registered: 08-25-2006
Thu, 09-19-2013 - 2:10pm

Oh wow, didn't realizing you were saving 2%!   Life is something else, isn't it??? 

Serenity

Serenity
iVillage Member
Registered: 10-01-2008
Thu, 09-19-2013 - 2:34pm
:)
iVillage Member
Registered: 10-01-2008
Thu, 09-19-2013 - 2:35pm

Remaining balance on Chapter 13 payments....drum roll plz.  ....

$11,630 divided by $518 a week = 22.45 weeks!!!!

Community Leader
Registered: 07-26-1999
Thu, 09-19-2013 - 2:36pm
Fabulous news as usual Norma!!
Photobucket
iVillage Member
Registered: 12-31-2010
Sat, 09-21-2013 - 3:53pm
Some would call it luck, but I say that you had all the right preparation to take advantage of good things when they came to you! Again, Norma, great job!! -Marie
#Marie
iVillage Member
Registered: 04-10-2003
Thu, 09-26-2013 - 10:18pm

I am so proud of you Norma! You are such an inspiration!!


Bex -