Rhonda,
The daycare is doing fine. Soon she ought be licensed and open up for a few
more customers, but for now she is fine with the ones she has. We had hoped
to roll enough in the refi to finish off the basement and move the day care
down stairs, but hindsight on that is better as we'll do it on our own in
upcoming months. At least that is the plan. That will be nice cause
then the rest of us don't have to eat breakfast in the middle of Romper
Room. But I'm not complaining.
Brad
Rhonda Partain wrote:
>That's good news! financial issues and the future, a
>sort of scarry thought!!
>
>How are things going with your wife and watching the
>children? I hope your family is doing well.
>
>Rhonda --- Brad Dunse <[log in to unmask]> wrote:
> > Kathy's question of if we were tired of hearing life
> > issues caused me to
> > follow through with a note I had planned on sending
> > but been putting off
> > for whatever reason. We thought to refinance our
> > house with the onset of
> > rising interest rates, and the scheduled plan of
> > raising them 8 times in
> > the next 18 months according to Greenspan a week or
> > two ago helped confirm
> > it is time to lock in and quit playing gamble with
> > rates. . We had also
> > planned on rolling some hounding credit card debt
> > into the mortgage. Not my
> > first choice to finance such debt, but considering
> > rising interest rates,
> > the Adjustable Rate Mortgage we had on the place
> > and etc. we decided to
> > see about rolling the debt over into a refi.
> > Well things did not look good at all, in fact the
> > first offer the mortgage
> > broker gave us was worse than what we currently
> > have. Then my wife in
> > talking to him, found he had some income issues
> > regarding my business a bit
> > miscommunicated, yet still we needed to appraise out
> > at like near $190,000.
> > The broker called the other day and said he didn't
> > know who we had in our
> > corner, but we appraised at $187,000 and would not
> > only be enough to refi,
> > but now we'd need to bring no money to the closing
> > table. The market value
> > of our home sounds like a lot, and for some areas it
> > may well be, but you
> > can't touch a house in this town, in this
> > neighborhood for much less. We
> > bought it a year and a half ago at $160,000 and in
> > that time with a fence
> > only added, it appraised at $187,000 so you can see
> > the rise of the market
> > here. I'm thankful for the good market to enable us
> > to find some breathing
> > room and even though we will close the refi on a
> > fixed 30 loan with a 15
> > year balloon on rates, we are amortizing it on the
> > side to make payments as
> > if it were a 15 year loan. God is really working
> > with us to free us up from
> > being owed to no one as soon as possible. Kind of
> > makes me wonder what he
> > has in store, or what is in store in general.
> > Anyway, we were to sign
> > papers for the first phase of the refi tonight but
> > the broker tossed his
> > back out and is scheduled to come out tomorrow late
> > afternoon. We stressed
> > no surprises at the table, I'd be livid after the
> > last mortgage broker we
> > dealt with jerked us around like he did. So I'm
> > praying all goes well, and
> > we close this month. Thought to post in case any of
> > you cared to know. To
> > be honest, I really didn't think a refi on this
> > place would fly so soon,
> > and this is also including a prepay penalty on the
> > existing two notes to
> > make up 100% financing. again not my choice, but I'm
> > prompted to go with
> > it. God has dealt with me, and warned me of
> > financial vulnerability in very
> > near future.
> >
> >
> > Brad
> >
> > If you're not living where you are, you're not
> > living at all
> >
>
>
>
>
>
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Brad
I started out with nothing and I still have most of it left
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