I think we are going to be able to Refi our mortgage! Our current rate is 6.875 (rates were much higher when we bought a year ago), and we can hopefully do an FHA streamline refi to get down to 5.5. That would be awesome. Including the closing costs we would roll in, we would break even in 28 months.
If everything works out, we won't have a mortgage payment till October 1st. I am going to take what would have been our September payment, all my hubby's overtime, and any and everything extra and try to get the smaller car loan paid off.
Seeing all our debt payments really got to me the other day. I would feel much better about our budget and finances in general if I could get that down.
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