Mortgage Update

Posted on Friday 16 July 2010

Less than a week after I submitted our refi application online, the appraisal company called to set an appointment.  They came out a few days later.  The appraisal was completed in under a week.   Unfortunately, the appraisal came in a bit higher than we needed it to.  However, I did notice some errors (fence and sprinkler system weren’t included) and one of the ‘comp’ houses was not really comparable since it doesn’t have a basement.  I submitted a dispute form and will hear back from them next week.

In other news, Mr. Savvy bought me Rosetta Stone.  Yay!  I’ve been waiting to learn Spanish for years so I’m glad he bought it.  He purchased levels 1-5 so I know it wasn’t cheap but I’m not going to worry about it because it’s been on the list of ‘stuff I want’ for quite a while.  When’s the last time you splurged on something you really wanted?

savvy @ 6:01 PM
Filed under: Mortgage
The Mortgage Process Continues

Posted on Sunday 4 July 2010

Well, this past week I’ve faxed and e-mailed numerous forms to PenFed for our refi application.  The appraiser came on Thursday and said his report should be completed his coming week.  I must admit that’s the part I’m most nervous about.  Like a lot of people, our house is worth less than we paid for it in 2006.  The question is how much less.  I guess we’ll know soon.

Happy Independence Day!

savvy @ 8:26 AM
Filed under: Mortgage