Today Our Mortgage Payment Has Been Reduced

The numbers are in and we are closing in an hour. Turns out our rate is 3.5% after all, not 3.625%!!

Our mortgage payment has been reduced by $298/month. It’s a no cost loan and we may even end up with some extra money in our pocket. We’re having to write a check to cover some escrow amounts, but we’ll be getting refund checks from our old mortgage company in a few weeks.

Such a hassle (it took three attempts) but it was well worth it! In fact, we ended up with a better rate than we were locked in for the two earlier times. So, all in all, we’re really pleased!

 

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