Refinancing Online

It is done.

It seems like the process of refinancing our home has taken months, but it really only too about a month. I think. I’ve kinda lost track of time during all of this.

This all started when I checked to see if we could save any money by refinancing with a VA loan. Interestingly, we had a VA loan, but it was a Oregon VA loan. Not the same thing as a regular VA loan. You wouldn’t think so, but it is.

One of the differences is that a regular VA loan will provide 100% of the money. Oregon VA will too, but they require Primary Mortgage Insurance, hereafter known as PMI. That little devil is expensive, to the tune of $180 a month for us.

One of the loaners who contacted me about my VA query was Sean at Loandepot. We had a god experience and when it’s all said and done, we  have a lower rate, got some equity, and our payment went down $500 a month. Significant. And, it was all done via the internet. We never once met any of those people who arranged everything. Only the appraiser became a real person for us until it came time to sign all the documents. For that, a mobile notary was sent to our house with all the paperwork.

The signing was scheduled for 1900, but Cindy, the wandering notary, had printer issues and reported she would be a little bit late. When she arrived with her husband, Jon, at 1940, she told us the problem wasn’t really her printer, but her internet connection. She came with 220 pages of legal size paper which she went through with us, one page at a time. Jon sat on the couch watching the Blazer game with Breezie getting hair all over his pants. He didn’t seem to care.

We finished in about an hour but it seemed longer. Diane and I were both very tired by the end of it, ready for a nap.

Earlier today I went to Don’s Garage to do some more work on the truck. Done came up with a replacement Quadrajet carburetor which I swapped on the engine. You may remember that the old carb was held down with only three bolts, and that’s the case for the replacement. The difference is that the replacement has a good float so gas can’t just flush through to the cylinders without a little bit of control. The result is an engine that runs smooth, and starts with absolutely no problem. That’s amazing. Jerrie is very pleased.

Now all I have to do is fix the passenger side headlight, make the tail and brake lights work, resurrect the wiper motor, and it will be as good as new. Well, it needs new mufflers, but it’s needed those for a long time.

Now, how about those Trailblazers? They came back from 21 points down, in the 3rd quarter, to beat the Chicago Bulls for their 9th win in a row. Pretty cool.

Now I’m going to bed.

Thanks again, Don.

Get well, Kathie.

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