Refinancing

A month ago, we got a letter from a friend who works in a financial services field. He told us that interest rates are down and now's a good time to re-finance.

Hummm - lower interest rate, lower payment? How can this be a bad thing?

So Doreen faithfully pursued it. She made all the calls and arraingments etc and last Friday we closed on our refinanced home loan. Dropped a whole interest rate percentage point. (6% to 5%) Most awesome.

We decided to refinance for 30 years again to get the lower payment to be able to make extra payments towards principle and to give us just a bit more wiggle room in our budget. That should a bit...

...except for one small (ha) thing.

We just received the latest property tax assessment this week. The value of our property jumped $20k. WOW. That's gonna be a big jump in our property taxes next year.

So, we'll see how it goes.

The story on that is the state legislators are wanting to increase revenue, but can't due to already having one of the highest sales taxes in the country. The county commissioners don't want to raise taxes and look like the bad guys and make it hard to get re-elected. So the Hamilton County tax assessor, who is really sick and won't be runing for re-election next time was willing to take the hit and be the 'bad guy' raise everyone's property assessments. It's amazing how it jumps just like that.

I tell you what, I HATE ALL POLITICS. It's no longer about what's best for the country, state and county, it's about what is best for the politician! That's it.

Oh well - time will be coming to an end here in the near (very near I hope!) future!!! Then NO more politics!!!