My credit card payment hit; $233 went to principal. So that's $445 down, $955 to go on the November goal.
I was intrigued by a vague story on CNN about a mortgage rescue plan in Congress right now. They don't know what it might entail, but they mentioned helping people with adjusting ARMs and mortgages that are more than their home's fallen value, both of which apply to me. So I wonder if there will be some legislation that could help me refi or something before the ARM adjusts again next fall. Here's hopin'!
Next step toward goal
October 30th, 2008 at 02:58 pm
October 30th, 2008 at 03:26 pm 1225380396
We are looking to REFI into a fixed 30 year; our 5 yr fixed adjust Jan 09 and want to lock current interest rate. We're about 40K upside down, but our lender won't mitigate unless we missed several months of payment which we don't intend of doing. We're just stuck in no man's land. LOL!
October 30th, 2008 at 04:12 pm 1225383162
I feel so naive for getting into this, but I just never could have predicted my house value was so inflated that it would crash nearly $40K!
October 30th, 2008 at 05:24 pm 1225387474
On the way to work this morning, I heard on the radio the Bush team is talking about using $50 billion part of $700 billion rescue package to have lenders reduced mortgage principle on homeowners who can't REFI with adjustable mortgage. We'll see what can happen.
October 30th, 2008 at 05:39 pm 1225388355
October 30th, 2008 at 08:52 pm 1225399977
October 31st, 2008 at 01:48 pm 1225460906
Wow, off to a great start for November! Hopefully the impending layoff will be later than sooner and you can keep tackling the numbers!