Last Thursday, May 1st, we "closed" on our townhouse for the second time. We decided about a month ago that it might be wise to refinance our mortgage. Because I am self-employed and had only done Medical Transcription for about a year when we bought this townhouse, we were only able to qualify for an adjustable rate mortgage with a higher interest rate. In fact, we even had to have two mortgages. Our broker suggested we refinance in a year to get a better mortgage. So, almost two years later we finally got in gear and got it done!
We now have one mortgage with a fantastic FIXED rate. We couldn't be more excited! We are also using some of our equity that has built up in the almost two years to pay off some debt to hopefully free up some money each month to begin saving for adoption. This whole plan was to ultimately help us begin the adoption process sooner! Hopefully this summer we can put our adoption papers in and join the masses waiting for babies!
We now have one mortgage with a fantastic FIXED rate. We couldn't be more excited! We are also using some of our equity that has built up in the almost two years to pay off some debt to hopefully free up some money each month to begin saving for adoption. This whole plan was to ultimately help us begin the adoption process sooner! Hopefully this summer we can put our adoption papers in and join the masses waiting for babies!
1 comment:
Congrats to you both and good luck.
Post a Comment