Wednesday, February 4, 2009

We got the re-finance today!

Well - we got our terms anyway. Apparently our house is worth more than we thought, according to the mortgage company. Or they just like to give us money. Which is fine by me. Seven weeks and we'll have a full bank account and be itching to buy another (or two). We are definitely shooting for two this year.

It seems like cheating to keep using our equity to buy more houses, which pay for themselves, so that we can use THEIR equity, to buy more houses, which pay for themselves. The only one we pay for, (and we only pay taxes and utilities) is the one we live in. I know it takes a good income to get started but I just don't see why everyone thinks we're crazy.

Although - it may have something to do with the fact that by this time next year, we will owe various lending institutions somewhere not too shy of a million dollars. HA! At least all those dollars are making us dollars, right? Eep.

I try not to think too hard about that part. :)

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