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Archive for September, 2019

Cross-Stitch Project

September 21st, 2019 at 10:38 am

I have been meaning to share this. I did this project for my little great-niece, born earlier this year. At one time, I did a lot of cross-stitch. It had been years, but I wanted to make something for the long-awaited sweet baby girl of my grand-niece and her husband. I enjoyed doing it, and have already begun another project.


ReFi Loan is Done!

September 20th, 2019 at 04:11 pm

I signed the docs for my re-fi today. The new terms are as follows:

Principal 45k
Rate 4.58%
Term 12 years
Payment $407.58, to be automatically withdrawn from my checking account monthly beginning 11/03/19.

They waived the $399 fee, charging me only $15 to add their name as lienholder. My current lender gave a payoff number before I made my most recent payment, so they had the payoff as $44,985.00. I should receive a refund from my current lender for $500ish once all the dust settles.

Yay, it feels good. Smile

ReFi Loan Approved

September 12th, 2019 at 12:11 pm

Well, my loan has been approved. I do not need to pay down the principal at all. The rate has trickled down a bit more to 4.58%.

The new payment amount on a 12 year loan (so shortening the remaining time left on my current loan by 20 months) is estimated at $404.98. My current payment is $416.21. Total reduction in interest cost is $9941.32, but I will have to pay a funding fee of $399. That's a good trade, I think.

The loan should fund in 10 business days.

With my new rate below my expected return on investments, once again I am mulling over "prepay the loan or feed my Roth?".

Applied for ReFi Loan

September 10th, 2019 at 08:21 am

Yesterday's trip to the DMV was a success. So, with registration in hand, I submitted an application with Essex Credit to refinance my 5th wheel loan.

I expect that I may need to pay down the principal some. I bought the 5th wheel new and we all know what happens to the value as soon as it is used instead of new. I don't know the current value and I am not certain if they do 100% LTV or if it is less. Will just have to wait and see. What I do know is that I would much rather be paying 4.69% than 6.74%, so I will cough up whatever principal is needed to make it happen.