We Refinanced Our Home

I never knew refinancing could be such a nightmare. But then, we’ve never refinanced our home before either.

This is the only house me and my wife have ever owned and we’ve been here for 8 years now and according to all the calculations we’ll be coming out ahead.

But God it’s been a pain in the butt.

The only saving grace was finding a good local broker to handle things for us named John Moel.

Of course we read all of the articles about shopping rates to get the best deal possible. We checked out the big outfits like lending tree online. Then some others that we see advertised locally here in Louisville. I got to the point where I thought to myself “If I hear one more mortgage industry acronym I’m gonna scream”.

I mean c’mon already! How the hell should I know what the hell HELOC means? We talked to this one lady that seemed like she was more intent on impressing us with the amount of confusing acronyms she could throw at us instead of helping us borrow some money against our home.

Then when I’d stop her and politely ask… pardon my foolishness and all, but what is an ARM? She took way to much pleasure in telling me. It was as though she was seeing herself as some all knowing mortgage business oracle that was imparting special knowledge that nobody else possessed. When she told us that an ARM was an adjustable rate mortgage my wife asked her “then why didn’t you just say that”? The poor gal looked at my wife and says “oh that’s just industry lingo”. The wife informed her that she wasn’t interested in industry lingo and to please just use English. It was at that point that I knew we wouldn’t be using the nice over educated lady or her companies services.

A guy at my wife’s office suggested we call his buddy John Moel . I have to admit I was skeptical because John works from home and has in own small brokerage, and on top of that the first thing I thought when I first saw him is he looks young. But in the end I’m glad we did, and that’s why I’m plugging him here on my blog. Not only is John blessed with great genetics, he’s a very, very knowledgeable young man, and very masterful of his trade.

He actually came by to meet us and I found out he’s a military veteran like myself and could instantly tell how he took pride in having served. He quoted us numbers much better than we were getting from the big corps and banks and I also like that our money was staying local. I don’t know why I distrust large banks and corporations but I do. None of that with John. Me and the wife were totally at ease except for one thing that was bothering me so I asked John. Why don’t you use acronyms like ARM and HELOC as you’re describing your services?

He told me that he finds them annoying !! We were sold.

It’s all over now, and last weekend we had John and his young wife over for the 4th. We had a lot to celebrate.

So if you’re going to refinance the lessons I learned are to do your due diligence. Research everything thoroughly, and talk to several banks. Last but no least don’t count out your local mortgage brokers. Your best deal may be with one of them, and chances are good that somebody you know, knows one that they can recommend to you. If not and you’re here local, give John a call. Tell him Terry and Barb Mason sent you :)

 

Louisville Is My City

Louisville is my city. I was born and raised here and it’s the only place I can see myself being.

I’m blessed in the fact that almost everything that I love or hate is within 50 miles of where I live and because my glass is most always half full, there’s very little to hate.

We’re a generous fun loving people here in this river city with a lot of history and character built by the generations that came before me. Louisville is an interesting city and right across the Ohio river from us the community of southern Indiana it’s just as good.

I know that people from around the US think of this as podunk but in real world terms it’s a great place to live, work, and raise a family. We have the Kentucky Derby that draws people from all over the world; the Run for the Roses is no small thing here. And one of my favorite things about the Derby is that the party lasts a whole month. Business’s actually shut down, and let employees have derby day off.

Part of the festivities is the Thunder over Louisville fireworks show which is something everybody should see at least once in their life. It’s only one of the largest fireworks shows in the world and shakes the ground for up to a mile away. Funny thing is they’re launched from barges out on the river and at the end.. They light up an entire bridge with pyrotechnic glory. Literally the whole thing appears to be nothing but a wall of flames. Like I said, everyone should make it to Louisville just once in their life if for nothing else to see Thunder Over Louisville.

We’re a river city, and the Ohio river is a big part of the local community. Downtown Louisville is right on the riverfront and we have what’s called “The Great Lawn” where we party down in the Summer. Concert’s, shows, picnics, we do it all on the Great Lawn.

So yeah ours is a beautiful city and great for family and business’s. Unlike some of the areas of the country Louisville’s economy isn’t as badly impacted by the ongoing depression here in America. I think mainly it’s because of the fact that we have a very diverse economy here. The area is not dependent on any one industry. This in turn seems to inject a level of industrial diversity into our economy. If one area hurts it doesn’t so badly effect the whole.

There’s a lot more to what us locals call “The Ville” and I’ll blog about some of those things in the future. After all this site is just a little passion of mine born of boredom and a degree self expression. And yeah I’ll throw some pictures in here soon.

Thanks for stopping in and hope you return in the future!

Terry ~~