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Turned down

September 4th, 2009 at 01:30 am

Our refinancing appliation was turned down by the loan company. "Turned down" sounds a tiny bit better than REJECTED! I'm so bummed. This was a different loan company located out of state that specializes in rural loans. We were hoping we could get it to go thru now, before our mortgage is up for renewal in March 2010.

It would have lowered our payments by close to $300/month. So....if we can afford it now (barely, but we don't tell them that), why wouldn't we be in a better position if we had a lower payment? I know, I know, it's just too risky for them.

I had to send a mountain of paperwork too - 3 years of tax returns and a lengthy application. They said they normally destroy the paperwork, but could send it back if requested. I told them to send it back so I don't have to re-copy everything again for the next place we try.


Just as I finally get around to making an entry, DH walked in and is looking for dinner. I don't have it ready since he was gone all day and gave me no idea when he'd be back. So, I guess I'll cut this short.

I found a penny today and another one yesterday. Maybe tomorrow will be my lucky day, and I'll find a million dollars somehow! (okay, we don't need that much, but a girl can dream)

4 Responses to “Turned down”

  1. SicilyYoder Says:

    I found two nickels, but dropped one out of my pocket, so I am a nickel richer now!! I helped mom & my stepdad stage their house for refiancing. The loan went thru only because he had a FHA loan in the 70s and paid it off in full.

  2. boomeyers Says:

    What a disappointment! :-( Keep trying!

  3. mrs. Says:

    Sorry to hear it! Glad you can recycle the paperwork!

  4. gamecock43 Says:

    I hope the next place works out for you!

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