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:

Wachovia Posts Loss, Exits Wholesale Origination Business
Mortgageorb, CT - Jul 22, 2008
By MortgageOrb.com on Tuesday 22 July 2008 Consistent with previously announced expectations, Charlotte, NC-based Wachovia Corp. has reported a net loss in ...


LendingTree Names New Lender Sales Team
MarketWatch - Jul 22, 2008
... source of interested borrowers looking for home loans such as new purchase mortgage, refinance and home equity, as well as personal and auto loans. ...


ARM resets to hit peak this summer
Chicago Tribune, United States - Jul 13, 2008
By Renae Merle | The Washington Post The number of homeowners facing an increase in their subprime adjustable-rate mortgage payments will peak this summer, ...


DEBT ADVISOR
Columbia Daily Tribune, MO - Jul 21, 2008
Second, your mortgage-refinance issue is just the tip of the iceberg. Many people don’t know a negative credit history also will hurt you if you have to ...


ABC News

Money Managing Matters: Three Dos, Don'ts
ABC News - Jul 17, 2008
If you have an adjustable rate mortgage, refinance into a fixed rate one. Interest rates on adjustable rate mortgages are only going to go up, ...


Tips on obtaining money through refinancing
Fall River Herald News,  USA - Jul 3, 2008
Here are a couple of pointers for those considering mortgage refinance to take cash out of their home: The traditional way of judging the market value of a ...


Reuters

Foreclosure-rescue legislation benefits both borrowers, lenders
Arizona Republic, AZ - Jul 12, 2008
by Julie Hirschfeld Davis - Jul. 13, 2008 12:00 AM AP The foreclosure-rescue legislation moving through Congress would let financially strapped homeowners ...
US housing agency expands mortgage aid program Reuters
all 81 news articles


Mortgage Rates Fall
HULIQ (press release), NC - Jul 16, 2008
Mortgage refinance applications also picked up over the week as homeowners take advantage of falling mortgage rates. The 30 year fixed mortgage rate ...


National Settlement Agency President Pleads Guilty to Embezzling
National Mortgage News, DC - Jul 16, 2008
By James Comtois After stealing more than $13 million in mortgage refinance proceeds, the former president of National Settlement Agency pleaded guilty ...


Axis Bank profit rises, but so do bad loans
Livemint, India - Jul 14, 2008
Markets on Monday were supported by the announcement on Sunday by the US treasury secretary that a plan was in place to bail out the US mortgage refinance ...

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