With the interest rates so low, Lew and I decided to refinance our home loan. We closed on it this morning.
Is it normal to have fun at a closing? We were working with some great people, and we laughed a lot!
We can cancel all of the paperwork that we did today over the next three business days. But on Thursday everything will be final.
The new mortgage is a 20-year loan. We still had 22 years left on the old one.
Our first payment won't be due until March 1, 2012. And the monthly payment will be almost $60 less than if we hadn't refinanced.
Plus we got a free pen and travel mug.
The writer's cramp was definitely worth it!
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