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Next Step: Refinance

August 28th, 2019 at 02:04 pm

The next thing I want to focus on in my quest to pay off the 5th wheel is to get the loan refinanced to a lower rate. My current rate of 6.74% is not horrible for an RV loan, but I feel I can do better. Reducing the interest just gets me there that much faster.

I found a lender (Essex credit, a division of Bank of the West) who will refinance at 4.69%, but I need to submit my DMV paperwork along with my loan application. Uh-oh, obstacle.

The home mail delivery is very unreliable in our neighborhood. Mail shows up late, or your neighbor drops it by because it was delivered to their house, or the most common is that it never arrives at all. Complaints have been lodged with the local Postmaster for years and years, but nothing changes. So, most people just have a PO box. We do too, and the DMV has this information, but they continue to use my home address for my mail.

I have never received my license plates, registration, or other paperwork for my 5th wheel.

My car registration expired last February, and I still do not have my new tags. They mailed me a second set in June (requested via telephone), which also never arrived. I know the first set was mailed to my physical address because they told me so on the phone. I suspect (but have not confirmed) that they did the same with the second set.

So I need to go to the DMV in person to take care of both items. I made an appointment and it is a couple of weeks away.

5 Responses to “Next Step: Refinance”

  1. creditcardfree Says:

    Frustrating, but good that you can probably get it handled in person. Wise to look for a better rate, too.

  2. CB in the City Says:

    How frustrating! I hope you can get it all settled in time!

  3. rob62521 Says:

    That's horrible that you cannot get your mail. Grrr. Hope you can make things right and get a lower interest rate.

  4. GoodLiving Says:

    Goodness gracious, in my experience the mail delivery has gotten worse all over. It really is too bad. Good luck with all of that!

  5. fireandi Says:

    It's frustrating that despite having received complaints multiple times, they have not fixed the issue with mail delivery.

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