We are related to a bank. You know, on my husband's side - his sister's brother-in-law's cousin, 3 times removed? The one who always wears green awning and it does NOTHING to hide her hips? No? Oh, OK.

But, actually, through his new job. You know? And strange as this may sound, yes, we get an employee discount.

And we need it.

We refinanced around two years ago, in the Dark Times. I was slipping into panic, and left the nest of our bank and went through a broker. And all I have to say is - Be Ye Not So Stupid.

While we did maintain a 20% equity position, we paid WAY WAY WAY more than we should have in closing costs and percentage. Yes, thousands more. And our mortgage, which has been sold on average of every 6 months since, has become a source of shame to us. A reminder that we did it wrong.

So once CD got to his work anniversary, and eligible for this benefit - we pounced.

We have so many 'wants' - pay off the last of the debt, pull enough money out to rehab the kitchen and replace the roof, and lower the interest rate, and maintain at least a 30% equity position on the house which has, miraculously, continued to grow in value despite our broken lawnmower.

I want, so bad, for the last of the Dark Times to be gone, you know? This current mortgage, this Bad Deal, makes me nuts every month.

So I spent a lot of time repeating all this to CD, eleventybillion times, in a squeaky little high-strung voice. How he had to negotiate in whatever leeway they gave him. How he had to stand firm, and get in there and fight! fight! fight! for every possibly quarter-point and fee.

So off CD went to work, the precious paperwork under his arm, and walked it over to the guy who is in charge of employee mortgages. According to his faithful account, this is how the fiercely negotiated conversation went:

CD (handing over the paperwork): Dude.

Loan Guy (Looking the forms over and nodding): Dude.

CD (noting our current interest rate): Dude.

Loan Guy (pointing at the currently available interest rate): Dude.

CD (smiling, extending his hand): DUDE.

Loan Guy (shaking his hand): Duuuuude.

Well, we got a call yesterday. The Loan Guy says it looks good. We might get what we wanted.

The interest rate he's talking is about quarter-point higher than our fantasy interest rate (everyone has fantasy interest rates, right?) and the amount of money that will be available for rehab is a little less than we'd thought - mostly because we made a dufus error in calculating which I am too embarrassed to admit to.

We will probably find out today if the go is for-real.

And then it looks like Paris. And after that, Colorado. And may I just say that I am surprised at the poor showing of the Minnesotans? I mean, for all that talk - about the Lakes! the Diversity! Well, I'll keep voting open until Tuesday and see what happens....

Posted by: Elizabeth at 01:59 AM | Comments (7) | Add Comment
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