ReFi finally going through!

Avatar for colomom99
iVillage Member
Registered: 03-28-2003
ReFi finally going through!
2
Thu, 07-09-2009 - 7:06pm

At long last the special program refinance on our house is closing tomorrow. We started this process in May and it has taken this long with me calling and bugging them all the time. I wanted to get it closed before the grace period on July mortgage payment was up. July is a tough month because I have basically no money coming in and my husband has three furlough days. BUT now we can hold onto that $2,800 and our new payment will between $2400 and $2500 and not due until August. It is still much too high for our incomes but at least we are out of our ARM and the lower monthly cost is some relief while we figure out what to do and I keep looking for either more freelance work or a real job.

btw, even before this happened I paid off one of our Home Depot cards as well as Kohls and paid for my husband's new tires with cash. Since we don't make a mortgage payment for July I will pay off one more of our smaller (about $500) cards and bank the rest to use as needed.

Jenny

iVillage Member
Registered: 11-17-2007
Thu, 07-09-2009 - 11:29pm

Sounds like you are using your money wisely. I hope this works for you guys.


One baby step at a time


Hugs


Mary Ann


iVillage Member
Registered: 10-01-2008
Fri, 07-10-2009 - 8:33am

Congratulations!

Norma


"Patience is the best remedy for every trouble"- Plautus