It's unusual to celebrate extending the life of a loan on a financial blog (and, adding one percentage point of interest), but bear with me a bit. Reducing the monthly payment by $1,000/month frees up our cash flow for a house payment in California, while still (hopefully) allowing us to keep our vacation home. Both are goals, so I'm happy we took the plunge.
The refi itself was relatively pain free (we used a broker we've gone through before) & he was very organized & efficient. But, there's just a bunch of paper work & details & phone calls. Given my travel & life schedule, it wasn't exactly a fun way to spend time, but it's now over. *sigh of relief*
In other fun news, I was in Monterey for a work event over the past few days, and saw one of the most breathtaking sunsets of my life.
The boys are with my parents this week, so I'm squeezing in as much work, fitness & adult time (M & I have a date tonight!) & then will pick up the boys to spend time on the Oregon coast. Looking very forward to some vacation time.
Any memorable sunsets for the rest of you? If so, when & where!
great news!!! we are still waiting for our HARP program refi. they're waiting on the 2nd being subordinated. Its been over6 weeks, so i'm not sure what the hold up is. This loan too isn't ideal at our age but since we are going to have a mortgage anyway, this will shave off $500 monthly. So, Im happy with that.
ReplyDeleteFingers crossed that everything happens smoothly & quickly! Shaving $500/month off is fantastic.
DeleteGreat news on the refinance - it totally allows you to hopefully fulfill your dream of buying a place in California. Refinancing to fulfill long-term goals is ok. You are disciplined and not doing it to pay down a frilly credit card debt :)
ReplyDeleteWe are trying. The market keeps rising as we keep saving. Maybe one day things will balance out. ;-)
DeleteYou have such good thinking skills, and exceptional forethought. Ignore anyone that questions your wisdom. I'm wishing we had been bolder in younger years following some dreams, but time now.
ReplyDeleteIt's never too late to take charger & be bold. I'm headed to the trusty vacation house now & looking forward to it.
DeleteGlad you got your beach house refinanced and can proceed with your CA homeowner plans!
ReplyDeleteThat sunset is beautiful!
Ah, the sunset was so gorgeous in person. Truly, we all stopped talking & just stared at the ocean. Loved it!
DeleteThere is not just one "right" way to do anything. What is right is whatever works best for you. Congratulations!
ReplyDeleteThat sunset is gorgeous!
The most beautiful sunset I have ever seen was in Panama City Beach, Florida about 2008 in the fall. The sky was every shade from the deepest purples to the lightest pinks. The water was almost lake flat and the sky reflection made the water appear to be gorgeous lilac in the shallows and deep purple farther out. It was magical. We still call it the fairy sunset.
That sunset sounds amazing!
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