Day 52 of 1000
Lorena and I are big fans of Dave Ramsey and the whole concept of zero debt. We do pretty well with the pay cash for cars, send your kids to a state university, use debit cards, not credit cards, and all that sort of stuff. We fall down when comes to staying away from Wendy’s, the BEST fast food chain in America–fast, fresh and good to eat! We see a big cash drain coming next fall when both the kids transfer from community college to Big State U. If there was ever a time to switch our mortgage from a 30 year fixed rate to a 15 year fixed rate, now is the time.
My boss, Igor, switched from a 30 to a 15 year mortgage, got a great rate and even kept his payment about the same. That is the thing that pushed me off center to start working on a refi. I went to Dave Ramsey’s web page, clicked on the Churchill Mortgage Link, and signed up to see what they could do for me. After about four days, they called me back and I emailed most of the paperwork over to them last night. There were some major hoops through which I had to jump in a very short amount of time that I do not remember having to jump last time I did this about four years ago. The claim was that new regulation requires it. It felt a little uncomfortable so I am going to check into it.
I will write more about this if anything interesting happens.
Hello Ken,
My name is Chris Sanders. I read your post about Churchill Mortgage and was curious as to how it went. Any issues or concerns with them?
I am working with a guy named Eric and his assistant named Christine. We are not through yet, but they appear to be exactly what they say they are. They are thorough and explain everything in great deal. They have had a rough time (lost ALL of their internet, some family tragedy, and other stuff), but have worked hard to make things happen on time nevertheless.
They are not high pressure, but Eric is a little more exuberant in his pitching of the great quality of his organization and how he and his company are bending over backwards to do you a good deal as if you are not the one who is paying the money. That being said, he does an excellent job.
As soon as (and if) this moves forward, I will talk more about how I feel the numbers came out. If I had to grade them right now, I would put them at about an 8 on a scale of 1 to 10, but that might change.
Thanks for asking! Let me know how your refinance goes.
Just curious as well- we’re looking at refinancing with Churchill, did you go through with it? How did it go? Thanks!
We did not go through with it. We were pretty unhappy with the follow-through. I made the mistake of trying to by a used car through one of the endorsed sellers and that went wildly bad, too.