Screaming Bean |
Friday, October 03, 2003
I normally have no classes on Friday, but this doesn't imply that I actually get classwork done during those hours. Far from it, indeed I have spent a good part of the day today working on the refinancing of our lovely abode. No, I'm not re-mortgaging the house for my education but rather to take advantage of decreased interest rates and so we do not have to pay PMI going forward. This saves a great deal of money and is a generally good thing. However, to refinance your home you need to "close" for a second time. For those of you who have done this you can sympathize and for those of you who haven't perhaps you were told about closing in your Property classes. Either way, it involves a great deal of important looking forms and heavy use of black pens and notary stamps. Compound this situation by doing it through the mail. You're now looking at these papers with no attorney in sight, checking to see if everything is okay and trying to harken back to your Property class to remember how you should be listed on your deed. And no, we ain't joint tenants. I guess this whole thing is worth the extra cash, but half way through this I wanted to just call an attorney and hand it off. Moral of the story: don't refi via mail, and don't refi once moot court season starts. Rules of evidence do you no good when it comes to HUD-1s.
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