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.