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Refi back on!

September 24th, 2012 at 08:33 pm

Oh the saga continues.

I called our mortgage guy at 8:00 to confirmed he received dh's email and voice mail.

He said he did....I then mentioned that it was too bad we couldn't just lower our credit limit if that would take care of the issue we were having....well guess what?

No problem...that is what we did last time...it is called a subordination (not subrogation...I knew that wasn't what it was called...just couldn't remember)!

So he says that apparently the credit line didn't show up on our credit report so he didn't even know we had it anymore....sounds like even he didn't know it would be in the papers from the title company (or so he says)....I do remember that when we refinanced a few years ago, the same thing happened.

So, I certainly don't mind it being lowered....we definately do not need as much as it is....we are totally fine with it being lowered....all of about $6000 lol, but we are not going to put the effort out to go to the bank and lower it even more.

He is going to have his assistant work on getting that paper to us to sign and hopefully we can "re-close" in approximately a week.

I also confirmed that the interest rate is going to be the ORIGINAL amount he quoted and that those fee's that somehow ended up on our side of the paper will be removed and the only thing showing that we had to pay for was the appraisal and credit report. I also requested he let me know the amount we need for property taxes so I can have the certified check at the time of closing this time.

No more surprises please! Let's just get this done Smile

5 Responses to “Refi back on!”

  1. Monkey Mama Says:

    I had the feeling they don't actually let people walk away from these things without fixing them! {Though hard to say because such a lenders market these days!}

    *Fingers Crossed*

  2. creditcardfree Says:

    You did the right thing in calling them on the issue. Glad it will work out!!

  3. Wino Says:

    Have you worked out the amount if you made the same payments on your current loan as you'll be making on the refinanced loan? I did that, and decided not to refinance (and I'm on a 6.25% loan right now).

  4. North Georgia Gal Says:

    Glad you got it all worked out.

  5. Looking Forward Says:

    okay! *Fingers Crossed*

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