Seattle Nesties
Dear Community,

Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.

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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.

AW Mortgage

My mortage turned into an ARM this year, and w/ the interest rates, that is good news!  What a happy surprise that my bill is over $300 less!!!  Party!!!
BabyFruit Ticker

Re: AW Mortgage

  • Woot woot! That is awesome!

    When I started reading about you hitting an ARM this year, my stomach dropped, I remember the old days of people losing their homes over ARMS. 

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  • imagekarimychel:

    Woot woot! That is awesome!

    When I started reading about you hitting an ARM this year, my stomach dropped, I remember the old days of people losing their homes over ARMS. 

    I know!  At least this economy is good for something!  I was talking to my step-mom about looking into a refi (apparantly the rules are changing in March about getting refi when upside down) and she said I may actually end up paying more if I refi.  Looks like she was right!

    BabyFruit Ticker
  • imagekarimychel:

    Woot woot! That is awesome!

    When I started reading about you hitting an ARM this year, my stomach dropped, I remember the old days of people losing their homes over ARMS. 

    OMG. THIS. i was so worried! but glad it's working out awesome for you!! yaaay!

    ♥ bfp2 02/15/2012 ♥ edd 10/23/2013 ♥
    ♥ bfp1 06/14/2011 ♥ edd 02/22/2012 ♥
    ♥ baby jennlin born on 02/15/2012 ♥

    image
    who says you can only wear your wedding dress once?

    honeymoon biomarried bioplanning bio
    jumped ship to the new and improved nest. back to TB for baby boards.
  • imagejennlin:
    imagekarimychel:

    Woot woot! That is awesome!

    When I started reading about you hitting an ARM this year, my stomach dropped, I remember the old days of people losing their homes over ARMS. 

    OMG. THIS. i was so worried! but glad it's working out awesome for you!! yaaay!

    I too was worried when I saw the word ARM in your post. My parents had a horrible experience with it a long time ago. I'm so happy for you though! That is great it is working in your favor. And $300 less! Damn! Jealous!

  • Yay! Thats wonderful!
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  • scary but glad it's working out for you! are you going to save the money??
    BabyFruit Ticker BabyFetus Ticker we're having twins!
  • Wow, congratulations! I did an ARM on my first home and it worked out pretty well, but they always kind of scared me cause I hear horror stories, but it's so awesome it's going to work out in saving you guys money.
    imageLilypie Maternity tickers
  • imagesarack:
    scary but glad it's working out for you! are you going to save the money??

    for BABIES!!!!!!!! bow-chicka-bow-wow. i think jennuinne should start TTGKTFU tonight. $300 a month goes a long way!

    ♥ bfp2 02/15/2012 ♥ edd 10/23/2013 ♥
    ♥ bfp1 06/14/2011 ♥ edd 02/22/2012 ♥
    ♥ baby jennlin born on 02/15/2012 ♥

    image
    who says you can only wear your wedding dress once?

    honeymoon biomarried bioplanning bio
    jumped ship to the new and improved nest. back to TB for baby boards.
  • imagejennlin:

    imagesarack:
    scary but glad it's working out for you! are you going to save the money??

    for BABIES!!!!!!!! bow-chicka-bow-wow. i think jennuinne should start TTGKTFU tonight. $300 a month goes a long way!

    Yes

  • My sister had a much worse ARM, but got a lower mortgage a while ago.  My ARM wasn't so bad, because it was fixed for 5 years first and then has a cap on how much it can raise each year.  But, it went down from 5.5% to 3.5% and with the annual caps on how much it can raise (I think .2/year -- I should go double check that), it'll be low for a while!  Thank goodness no cap on how far it can drop!

    This month, I just paid some bills I needed to pay.  I probably should keep paying the same on my mortgage, but I won't.  It'll either go to a new car (I have a 2-door Civic, not good for babies) or into savings.  But, if I have to take off 6 weeks-3 months with no pay, I'll need to save more than $300/month.  And DH will start having to pay student loans soon.  But, soon, soon.  ; )

    BabyFruit Ticker
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