Mortgage & Refinancing Information

I Have A Slice of the American Dream and It is a 30 Year Nightmare


Well, we did it. We are buying a beautiful, brand new house, planning our wedding, and getting ready to move. The cramped trailer we have lived in will just be a memory. The house we are buying is a 4 bedroom, 2 1/2 bath, 2 car garage slice of the American Dream.

However, my fiance and I sigh and realize it is a 30 year nightmare we will be paying on for a long time before it is truly ours. By the time the house is paid for, we will be too old to travel like we wanted to. England, Ireland, Scotland and Wales will just have to wait. Well, at least we will get Senior Discounts.

But, knowing I will be getting married in my house and gliding down my stairs toward my intended while the stereo plays and our friends and family look on, is going to be worth it. Getting married at home is going to be something we remember and we will be able to enjoy a nice honeymoon with the money we saved. Maybe even rent a nice vehicle to pretend is ours.

The house is in the process of being built now and we watch it's progress each Sunday. Hopefully, it will be completed in about 3 weeks. It is amazing how much work goes into a house and how plans on paper become reality.

When we burn the mortgage papers in 30 years I want a big bonfire and I will dance around it with my husband, children and grandchildren. Then I will pack my bags and make that trip I always wanted to make and complete some more things on my "do before I die" list. At least "buy a new house" is checked off on my long list. What's next? oh, I see, it says "write a best selling novel"...hmmmmmmmm.

Caitlyn Carrington has been writing since the age of 10. She used to make homemade cards with poems for her family and friends. She is an accomplished poetess and writer and busy working on her novel "the celtic soul". She has been nominated for "Poet of the Year" from International Poetry Society.


MORE RESOURCES:

Congress may have to approve a 'TARP 2,' economist says
BloggingStocks - 22 hours ago
... it is clear we will need more money to purchase toxic assets, improve bank capitalization and allocate funds for home mortgage refinance programs, ...


Is Now the Right Time to Refinance Your Mortgage?
Eastside Business Journal, Washington - Nov 18, 2008
By Rick Hubbert How do you know when it is the right time to refinance? Some believe that if homeowners can shave one point (1%) off their existing rate, ...


Center for Responsible Lending and Industry Groups Urge HUD to ...
MarketWatch - Nov 20, 2008
... to help the largest possible numbers of at-risk borrowers. This is not the appropriate time to permit the lapse of a viable mortgage refinance option.


Should Obama name FDIC's Bair as a Special Advisor for Mortgage ...
BloggingStocks - Nov 18, 2008
Although he has shown support for mortgage refinance programs aimed at achieving lower payments - - 'payment relief' in Washingtonspeak - - Paulson has ...


National housing crisis exacting heavy toll in Riverside County
Press-Enterprise, CA - Nov 11, 2008
By DUANE W. GANG Riverside County remains at the forefront of the national housing crisis with thousands of homeowners in the unenviable position of owing ...


Milwaukee Journal Sentinel Firstwatch column: Firstwatch: What's ...
Trading Markets (press release), CA - Nov 20, 2008
... counselors will be there to conduct loan workout sessions, provide information about financial literacy programs and offer mortgage refinance options. ...


De-Leverage Your Wallet
Motley Fool - Nov 20, 2008
I also caution against opening new lines of credit if you plan to get a loan (car, mortgage, refinance) in the next six months or so. ...


Mortgage Applications Down 43.4% Year on Year
HNN Huntingtonnews.net,  USA - Nov 6, 2008
By David M. Kinchen The Mortgage Bankers Association (MBA) on Wednesday, Nov. 5, 2008 released its Weekly Mortgage Applications Survey for the week ending ...


When refinancing mortgage makes sense
Chicago Tribune, United States - Nov 14, 2008
But you don't have to be in financial trouble to benefit from mortgage refinance, real estate experts say. "At this point, there are thousands of good ...


Local mall operator says it's at risk for default
Boston Globe (registration), United States - Nov 12, 2008
... on school loans are waived..and a government backed mortgage refinance program to give homeowners a chance to stay in their homes to pay their debts. ...

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