I am so blessed

[paula1961]

I love your post Lynsey! It made me think about the many blessings in my own life. So thank you Lynsey for writing that.
You are a wonderful person! I am happy to be able to call you my friend.

[Lindsey]

Thank you all so much

[Lindsey]

I think someone up there is really looking out for us. We got a call from our banker last week and she mentioned something about getting back money that I had to pay to my lawyer for the mortgage and I really didn't understand what she was saying, but she just needed me to sign papers. Scott and I couldn't get our schedules to work with hers, so we took our lunch breaks today to sign the papers she had left at the front of the bank for us. When we looked at them... WOW! Here's what happened...

When I bought my condo, I didn't have money saved for a down payment. So, the bank raised my interest level a little and agreed to lend me the 5% down payment. So when we sold the condo, our mortgage was "ported" which means that we didn't pay back the bank (plus penalties for selling before the mortgage term was up). Instead, they simply moved that mortgage to our new property, and added the extra amount we needed to it.

So, when it came to paying closing costs, we ended up having this big chunk of money taken out of our condo profit, to pay the bank back for the down payment I was lent. It wasn't a huge deal since we still got profit, but it was a little disappointing that it almost cut our profit in half Especially when I had totally forgotten about owing that money back!

But NOW, since we ported the mortgage and are still dealing with the same bank, our banker has found a way to get us that money back! I guess they are making enough off our interest (since it is still the higher rate from the original mortgage) that we can get that original "loan" back in our pockets, and we don't have to pay it back again at all, unless we sell the house before the mortgage is up. And we don't plan on leaving our house ever This is a pretty big chunk of money, and I can use it to pay my parents back what I owe them, plus pay off my motorcycle (which was the plan before Layla's surgery), or pay off a chunk of my school loan, or just put it in an account as the wedding/honeymoon fund Scott and I have been intending to start

[Lindsey]

Our world was completely crushed a couple of months ago, and now things are going so well for us. I can't help feeling that it's almost like compensation for all the hard things we've been through.

[judy]

That is wonderful Linds! (I got confused halfway through, but I do understand that you are getting money back!!!)

[DianaB]

Wow!!! Any time you get unexpected money back that's great news!!! It's another blessing to add to your list!!!

[Lindsey]

Originally Posted by judy

That is wonderful Linds! (I got confused halfway through, but I do understand that you are getting money back!!!)

Lol Judy, I read it over and it is confusing. Basically I borrowed money for a down payment. I sold my condo and paid the bank back the borrowed money. Now the bank is giving us the money back, to keep, as long as we don't sell our house before we finish paying off the mortgage If we sell our house in the next few years, we'll have to pay this back, but we don't plan on leaving, so the money should be ours for good!

I know money isn't everything, but with all the other stuff we've been worried about, it's just making things go a little more smoothly now. One less worry!

Now I won't feel so guilty spending my birthday money on myself. I haven't bought a thing for myself in such a long time... I've been on a tight budget since I bought the condo almost a year ago. Oh, and that $44 sports bra doesn't count! I haven't even worn it yet! Lol

[judy]

Where are the pix of that bra?