So mad about Refi

iVillage Member
Registered: 06-16-2004
So mad about Refi
3
Thu, 02-10-2005 - 12:59pm

Well I just got the invoice for our second mortgage that we refi'd back in October. It had been fixed for 3 months at $175.48 and this month it shot up to $323 and change. I am so irrated. This totally throws a monkey wrench in my budget. And then I find out it is a variable loan. DH, wanted to do this all by himself. I of course want to wrap my fingers around his throat and squeeze. (ok, maybe a little exageration).

We are trying so hard to work it out so that I can stay home after this baby is born. It's just seems like there is always something getting in the way.

Pity, party of 1????

Nicola
EDD 6/3/05
It's a Boy!

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iVillage Member
Registered: 09-21-2004
Fri, 02-11-2005 - 12:06am
I'm sorry! I really don't have anything to say. Hope it all works out though. ((((Hugs))))
Avatar for cl_beckymk
iVillage Member
Registered: 03-19-2003
Fri, 02-11-2005 - 9:50am

Hugs!!!

iVillage Member
Registered: 08-13-2003
Fri, 02-11-2005 - 10:56am

I know exactly how you feel, down to the hubby setting it up and the rotten variable rate. We got an HELC to finance a much-needed addition to our house last year, and that payment kept going up and up. It was making me crazy.

We ended up doing another refinance to roll the HELC into our mortgage -- a much lower, fixed rate. Is that something you could possibly consider? It definitely made a big difference for us.