Saturday, January 7, 2012

Refinance

The word for today is “refinance”. Late last year we saw some of the lowest interest rates in a very long time. Not wanting to miss out on a chance to make our retirement funds go further we jumped on the band wagon. 

Well now let me tell you the ride was time consuming! It wasn’t a new loan…we were just “refinancing”!
The process started with, what seemed like a totally new loan submission of everything we have, copies and originals. Fortunately we were able to scan and send much of the requested data (down load, complete and rescan to PDF…don’t ya love technology?), forms and copies.
As the folder grew we “slogged” onward, interrupted by a trip to Pennsylvania, and Ohio (see blog on “Speakeasy”) we received, completed and resent enough data to qualify for a TOP SECRET national security clearance!
We began to wonder how anyone can get a loan today…if the lending institutions had been this diligent in the past…“maybe” we wouldn’t have had the financial crisis we have….”ya think”?
Before this blog becomes as long as the process…we finally completed the process and closed yesterday. Was it worth it…”oh ya”. We were able to reduce our interest rate by over (2) two points!
And that folks will buy a lot of dog food for Noel.
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Welcome

I hope you will enjoy my early attempts at Blogging, an all new experience to me! I will be experimenting with the format, items to add (hopefully interesting).


I am a retired corporate pilot, thiry nine years of roaming around the world for an oil company. The Good Lord knew we would need oil...unfortunately He put it in difficult places, deserts, jungles, artic regions and every other inhospitable place you can imagin, no five star hotels there!


Oh! I have slipped the surly bonds of earth And danced the skies on laughter-silvered wings;

Pilot Officer Gillespie Magee