Today, I successfully refinanced my house for what I hope is the last time. There were a couple times to help pay off the debts via Somara’s student loans and to give her partial ownership. Then to punish Wells Fargo. Lastly, I had no choice in 2019 as it was necessary in order to buy Somara out and my credit rating could’ve been better.
The great people of UFCU did a great job as always. I originally asked to borrow against the equity or value but they did me one better, they refinanced the whole kit and caboodle while getting me locked into an improved rate. I was 4.75% and now 3.25% so my monthly payment is roughly the same while I got a chunk of change to start the process to replace my house’s floors! We hope there will be enough left over to also remodel both bathrooms.
With the money to appear in my checking account in a few days, I can tell the contractor to proceed, lock in a start date and we’re on our to Floor & Decor to pick out all the materials. I’ll let Jennifer do the selecting. All I ask is…will it be easier to clean up cat messes and can I buy a robot to do the routine sweeping?
Am I worried about other matters? Namely with how long the judge is dragging ass on the QDRO, ending any further financial obligations to Somara? No. Everything was signed and there are no backsies like the playground days. The divorce was finalized over two years ago. Somara has her own place and I think she enjoys it. She’s closer to her parents and she told me she adopted a dog to enjoy the backyard. Me? I got what I wanted all along, a location close to the city.
Let’s see how far I can get the equity to go given it’s a contractor’s market with all the sellers competing.