Say a prayer, light a candle, cross your fingers…
We currently have an adjustable rate mortgage. Gah!
No big deal, you say? Well, in April of next year our payments start rising. REALLY rising. This is painful but under control as long as we are both bringing in our normal income. If Jeremy has a few snow days off of work, OUCH! If he has a few days lapse before his next job starts, OUCH! My income is always the same regardless of sick or vacation days, so no problems there. Anyhow, I want to get out of the adjustable rate and into a fixed rate because!!! If we can lock down our payments!!! I can quit my job and be a stay at home mommy!!! So, I am trying to refinance. But this isn’t so easy for folks with so-so credit. So if it works out, it was meant for me to be a stay at home mommy. If not, I’ll keep doing what I’m doing. No big deal either way… But do cross your fingers for the latter option, huh?
I can see it. Playing, cuddling, peanut butter and jelly sandwiches, walks, and surrounding myself with babies with tangly, unbrushed hair and milk moustaches. I will play in the dirt and make mud pies and grow gardens. I will kiss owies, finger paint , and run in the sprinkler. I will have friends with hippie babies like mine and we will exchange oatmeal cookie recipes, and meet at the pool, and make dandelion necklaces for our babes. Austin, Noah, Bella, and Momma.
No more 401K. No more retirement plans. No more cable television. No more cute stilettos. But we shall have love, and laughter, and a fixed mortgage rate. What else could a gal want? The 401k plan isn’t nearly as awesome as watching my kids grow up and participating in every moment of that!
Saying a prayer…
Posted by: stepherz | 10-27-2006 | 10:10 PM
Posted in: General
I hope you can get your loan refinanced…as I want to see photos of your dandelion necklaces!
Crossing my fingers for you over here. Being a stay at home mum is fantastic. Admittedly, I work about 30 hours a week from home as well as looking after my son, but it’s much nicer than going into an office and doing all that kind of thing. At least I get to take him to the zoo in the morning, if I feel like it and if the day is a quiet one.
I’ll be saying a prayer for you.
Really hope this works out for you!
My fingers are crossed for you. I know if it is meant to be, it will be. Too bad you aren’t closer, you could teach Hunter how to make mud pies too.
Oh, I hope, I hope, I hope!
regardless of whether you stay home or not refi and get out of that ARM before your payments start fluctuating!! I hope it works out for you to be a SAHM. We can swap SAHM stories, no dandelion necklaces here but I have had food in my hair;)
I feel your pain. LOL I’m in an ajustable rate mortgage as well. Mine is still under market rate but it’s gone up twice and each time it HURT! Not much sense in refinancing until I hit market rate though. Good luck with your refinancing-it’ll be good to know your payments won’t be changing substantially in the future.
[…] You wanted an update on this whole refinance thing? Well, I still don’t know much. My credit scores are looking good but the only way I can get the refi is if our house appraises for a certain amount. So, I just coughed up $350 for an appraisal which will take place in a few weeks. Fingers crossed! […]