A few good things have been happening lately. I'm not sure yet if they make up for the bad things, but it's nice to have positive things happening in my life.
First of all, Jaime moved out of our house. It's nice. The house is less full with just Ally, Tim and I. On top of that, Tim got to move out of the tiny bedroom, no one in the house smokes pot anymore, and we have an extra room for when friends come to visit.
Secondly, we are refinancing the house and consolidating our debt. In a week or so we will own the car outright, not have anymore credit card debt, and be saving about $500 a month for these expenses. This should give us some extra money to make up for having one less roommate, and hopefully allow us to save up money to fix things around the house.
As an added bonus of the process of refinancing the house, the house was appraised at a value about $20,000 more than I thought it was worth and about $45,000 more than the bank thought it was worth (I think they were smoking crack). This is great since in consolidating our loans, our loan is now going to be worth more than it was originally. Hopefully the market continues to rise like it is predicted to and when we decide to sell the house we make a good profit. We could use that money to buy a newer, nicer house and/or move to another state like we've been talking about doing for years.
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2 comments:
Remember that the more equity that you cash out now is less money you will get when you sell the house.
yes, I know, but it also means that we can afford the house more comfortably as well as a few repairs that will help raise the value of the house
it's a risk I feel we need to take
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