The past week has been spent waiting to hear back about the mortgage refinance I applied for a week ago. Everything had fallen magically into place for me, I had not even anticipated applying an hour before I did. I just figured OK the Universe wants me to get a mortgage refinance, that’s why it’s all happening so easily. The inspector and appraiser came out within days, I got good reports back and an appraisal within $4K of my guess-stimate. I did not need any repairs done – it was all good news! But then I began to have second thoughts about having jumped in so quickly with such a major decision. I’d also applied to include a $5500 loan for home improvements and thought – did I really want to finance that for 30 years? That seemed mega-stoopid.
I felt oddly relieved when I was told they could only refinance the first mortgage and second mortgages. That felt a lot better, but I still felt resistance to wrapping the second mortgage into the first when I only have 18 more months to pay on the second. One thing that I wasn’t crazy about the thought of was having a double than now mortgage until I’m 88. I like having a mortgage payment under $500. I also like the idea of paying my taxes and insurance separately from my mortgage, which I’d no longer do.
Next I was told that, because of my loan to value ratio, they would only refinance the first mortgage. That felt a lot better, although it didn’t serve my original intent. At this point I wasn’t sure what my intent was, I was just going with the flow. My credit scores in the high 700’s, and low 800’s. I still hadn’t given the matter much conscious thought. I did a lot of gardening and artwork to stay in the now to keep myself in the vortex while the Universe sussed it all out. I was ok with whatever the bank wanted to do, but I didn’t expect to be denied altogether. Which happened yesterday afternoon. For about 5 minutes after getting the loan officer’s email, I was confused and wondering what was my lesson in going through a week of that??, yet within minutes I felt ok with it and even relieved it was over.
Upon initial reflection, l figured my not being too freaked out about not getting the refinance is that even though the appraisal cost me $500, the loan officer gave me a heads up that my auto insurance premium seemed high and my homeowner’s as well. At his suggestion, I compared other companies and got the homeowner’s reduced by $300 immediately by electing a higher deductible, plus whatever discount I’ll get as a result of the wind mitigation inspection I just had done. I ended up with a reduction of over $700 per year.
Thanks to his advice, I switched my auto insurance from my current company to 5 times the coverage with Traveler’s Insurance and will save $400 for the first year’s renewal. If I look at the past week as a mortgage refinance attempt, it was not successful. But if I look at it as having paid for sound financial advice, it was a success that immediately paid off.
What ultimately did me in was debt to income ratio. A year ago I lowered subscription prices and ad rates in Horizons Magazine as an economy stimulus incentive. I figured I could take the hit easier than some of my customers could. In 2004 I incurred $30k+ in medical bills and in my haste to get them paid off quickly, I’d put $400-$500 a month the past 5 years toward them. (Today I’m down to one small bill and the rest are paid!) Since the medicals were interest free, I should have paid a minimum on them and paid more each month toward principal on my interest bearing home improvement loan instead. But I wanted to get the medicals paid off, knowing I was in my high income years. I didn’t want to have unpaid medical bills on my credit report.
I am real aware that what I think is happening is not always what is happening. Sometimes it’s not for me to know until later what the reason is when things don’t go as I planned. It’s not always for me to know until later why I am guided to do the things I do, like me getting the files together without knowing why, and applying for the refinance out of the blue.
So, if I know how law of attraction works, how did I attract the denial of my application? I can drive myself crazy trying to figure that out, or I can just reach for the better feeling thought instead. I admit there was no prepaving on my part to line up the energy ahead of time; that could be a factor. I was doing no creative visualization on it, since it seemed to be flowing fine without me directing it to a particular end. That could be a factor.
I can lament that I allowed myself to get vibrationally wrapped up in some conflicts several friends were having; that could be a factor. But I realize that everything around me serves to show me where I am vibrating. Whatever catches my attention shows me what I am in vibrational resonance with. I have to bless it and either move away from it, or take the consequences of what I attract because of paying attention to it. So, no, I don’t think I attracted a denial because I gave attention to friends complaining about friends, making judgments about them myself, then beating myself up for making judgments. Hmmmm, or did I?
I know not to beat myself up now for coulda-shoulda-woulda. Had I chosen to apply law of attraction to getting my refinance, doing my visualizations and prepaving, I could have had a very different outcome. But in retrospect I’m not sure I want a different outcome. I just plain have not given the matter much thought yet.
Maybe the Universe just wanted me to meet a hunky mortgage loan officer and have him give me advice that instantly saved me the $500 I paid him, and aultimate4ly saved me twice that per year. Or maybe I just need to have a current appraisal on hand for my future refinance with some magical unicorn mortgage company in the sky for 4%. I’m open to anything. In the meantime, I’m going to work to pay down my $5500 so I can reapply in a few months – after some prepaving work – and have a better debt to income ratio.
I’ll bet I can do this lots sooner than I think. Things always seem to fall into place for me. That’s my story and I’m sticking to it.
UPDATE: I Get My Mortgage Refinance