Is it possible that today is one of the better days of MY LIFE!??
It's close. It's up there on very good days.
I open my mailbox and see a letter (bill) from my mortgage company. If it wasn't a bill it was a harassing letter badgering me to get mortgage insurance or accident insurance or to make bi weekly payments (I get something from the company nearly every week).
So today I open it and vaguely comprehend the words "Check included from escrow overage" as I am skimming the paperwork. As I started fumbling through the papers looking for the check I thought, "Great! A check! I could really use that right now- it's probably because I homesteaded the place a few months ago and they finally have it straightened out." I was hoping for something over $10.00. If it was $30-40.00 range I was in for a great weekend.
I finally found the check and its for $768.00!!!!! I almost screamed out loud. I was in total shock. Then I started jumping up and down before carefully reading the paperwork to find out how the heck I was getting a check for such a large sum of money.
I bet you just thought the $768.00 check was the best part of the story- right? No its not. It gets BETTER.
So as I was reading to see if this was a real check and not one of those fake checks that you can cash IF you sign up for some insurance/cash advance/money making scheme...I read "Your previous mortgage payment was $980.00 a month, your new monthly payment is $889.00."
MY MORTGAGE PAYMENT IS BEING LOWERED BY $100 A MONTH!!!
WTH!! OMG!! This is AWESOME!
And that, my friends, is why this is one of the better days of my life.
FYI: What will I do with the $768.00 check you ask? I'm going to put it towards my mortgage principal. Boring but it seems like the right thing to do.
Today I got a Pretty Darn Good letter in the mail
May 1st, 2010 at 11:27 pm
May 1st, 2010 at 11:40 pm 1272757242
May 1st, 2010 at 11:46 pm 1272757616
That is a great letter. Just a word though, I have read of people getting back escrow overages like that ... then six months later getting another letter saying that it was underfunded. You may just want to put that money aside for a year, and then if no reversal letter, put it towards whatever.
May 2nd, 2010 at 12:07 am 1272758859
May 2nd, 2010 at 12:49 am 1272761359
They won't ask for the $768 back, but may increase your payment if taxes or insurance increase in the future.
I'd go with your original plan and revise as necessary!
May 2nd, 2010 at 12:41 pm 1272804091
May 2nd, 2010 at 02:42 pm 1272811373
May 2nd, 2010 at 08:06 pm 1272830815
May 2nd, 2010 at 09:40 pm 1272836402
May 3rd, 2010 at 05:41 pm 1272908463
May 7th, 2010 at 09:49 pm 1273268946
May 11th, 2010 at 05:56 pm 1273600613