Well. October is a wicked busy month here at Casa Handy Man. We have a ton of activities scheduled for this month. Most of them are fun, but we decided to add refinancing the house to the mix.
|Wish this pile of money belonged to me!|
Funny how that works, huh?
All this from a measly two and an eighth percent difference in interest. Go ahead, check an online mortgage calculator. Enter some different interest rates, and you'll be amazed!
We plan to take the money we're saving every month and apply it to the mortgage. We were used to paying $X anyway, might as well keep paying it, right? This way, we'll (hopefully) be able to pay it off early.
If you're interested in refinancing, talk to a few different banks or mortgage companies to check out your options. You can start by making phone calls to gather information, or you can gather info on the web. Remember: you don't need to commit to anything up front, and don't let anyone tell you differently.
I know house prices have decreased significantly, but don't assume you don't have enough equity. You never know.
I know it's boring, but read all the fine print to make sure you know what you're signing. We've signed paperwork for three mortgages over the years, and this is our second refinance. We're familiar with the paperwork now, but if you're not, ask someone to explain it to you.
Have you refinanced a home recently? How did it go?
Back to October business. School events, fall decorating (I haven't decorated yet, can you believe it?!) and of course, Halloween, a big favorite here. See you for Wicked Awesome Wednesday!