Life in the big city...
Posted by Susan , Tuesday, June 11, 2013 3:06 PM
Yesterday I received a call from our banker. That makes me feel so grown up and it sounds like we have money -- which we don't. Our banker, who is amazing, is the woman who has helped me with home financing in the two houses I've bought in the last 10+ years. She wanted to see if it would make sense to refi our house (it does) and get permission to run our numbers and see what could work.
Turns out those medical bills we've had for the last year and the subsequent juggling we've had to do to make ends meet have resulted in the numbers just not working in our favor. We're too much of a risk to refi at this point. I knew this and so am not grieving the new found information, but it does restart my frustrations.
If we could refi then we'd be able to have a lower house payment which would be able to make it so we could get out of revolving credit sooner, but since we are in the trap (and slowly working ourselves out of it) of revolving credit we are too great a risk...
But, our banker said that if we can maintain what we've been doing for a few more months then we can look at refi again... sigh. Here's planning on being able to do it!
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