refinance my house

So we got it appraised, and the appraiser gave us $15k less than what we paid for it. It’s BS, cuz a house just sold across the street the end of last month for $10k more than my appraisal price. I was pissed. Thankfully, the rate on our mortgage didn’t go up (monthly payment actually went down by a penny!).

so I am in negotiations now with 2 different mortgage companies…I have to get the house appraised now. Hopefully it will result in the refi before the due date. its sick though, there is still a huge pre-payment penalty if it gets paid on before the 24 month initial time period is up. so as of 5/30, the prepayment penalty is $5500!WTF? So hopefully we can get this resolved as of 7/1, no prepayment penalty, all is happy happy…

I got sucked into the whole subprime thing while in the midst of a chaotic divorce thing. And well, here we are.

So, lots of goals surrounding this if I’m gonna hang onto the house without “feeding the pig” ... increase my income, reduce my expenses, and somehow be okay with throwing all the rest of my money at my ballooning monthly mortgage payments

That’s what I get for neglecting to read the fine print, I guess.

Uggh.

I had the appraisal done. It’s less than I was hoping but much more than I paid for the house less than a year ago. Just trying to figure out which approach to take at this point. Finance. Ugh.

I have to do this this year and I am not looking forward to it.

to those of you out there interested in refinancing or buying a house, i have the guy for you! I was having trouble finding a decent guy to do the refinance of my house, and a friend of mine refferred me to this guy named Nick. This guy was fantastic. He always kept me informed about what was going on, what stage of the loan we were in, and was a joy to work with. I lowered my payment over $500 a month and paid of some credit card debt! I now have a mortgae broker i can trust, i didn’t think those existed anymore. His phone number is 925-242-2226. Ask for Nick

We closed this morning :)

My new loan is at a lower fixed interest rate than my two prior mortgages and has no pre-payment penalty.

Rising interest rates are horrid. However, the penalties for early repayment and refinancing exceed the potential benefits I can get elsewhere. So I decided to make a capital repayment instead, which reduces monthly repayments quite a fair bit.

I think this should count anyway. I won’t need to think about this for a while.

My home appraisal appointment is tomorrow morning. I need to do the cleaning i’ve been putting off. Doh!

I don’t know about this. I’m kinda scared. I got a great interest rate, but only for two years. After that, the rate can adjust if I don’t refinance again.

I have to pray on this.