Refinancing with a VA Loan

OK, this is not a sponsored post.  Sure sounds like it, though

 Anyways, we started our paperwork for refi last month.  Actually earlier than that.  We checked out several banks but all that we contacted said we need to pay the penalty because of our current mortgage which is an ARM and locked at 9.3%.  Yeah, super duper high, and that’s why we are desperately trying to refi as soon as possible.  The penalty is 3%.  No way, ho-se!

DB’s co-worker gave him a mortgage consultant who deals with VA loans.  DB jumped at it since with the VA, we can get a loan at 6.75%.  Beats the crap out of 9.3%

The process began last month and all the fuss having to deal with the VA (for DB since he is the veteran) and writing dispute letters to the credit bureaus to rectify our credit history, and paying off a judgement that was 3 years old (I hated that, but what to do, got to get r’ done).

Other paperwork were the same old W2s, pay stubs, 401K statements, asset statements, driver licenses, my PR card, DB’s VA certificate of eligibity and whatever DD2 something form, bankruptcy forms, and more stuff on our bankruptcy filing.  I should get use to all these paperpwork.  Can’t remember how many times I have been through this!

Mailed all these stuff in on Monday and we are now waiting for the closing day, August 24.  Can’t wait to have a little smaller mortage to pay every month.  At least we will have some extra spending money instead of scrambling for it.

29 more days to close and counting down. 

YES!!!