Southern Spirit Hunters
Beyond The Spirits => DIY Angels and Demons => Topic started by: duh on Sep 25, 2010, 10:01:42 AM
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Well I'm still in process of painting the bathroom but I'm feeling that now it will get done. I don't know why the feeling just came over me but it did. Today I talked to our head librarian and she said they refinanced and she's never had a doubt about it. So maybe I should. So it's back to painting and cleaning up.
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It seems to be the way to go, Tammy. I hope it all works out for you.
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either way is good I think.
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If you can get a better rate with a lower house payment how can that be wrong?
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2 years added on to the length of the loan and i end up owing 50,000 rather than 39,000.
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You just need to weigh the pros and cons of refinancing. How much does the monthly payments change vs what you can fix/repair/update with the cash you get out... and bottom line, what you can live with.
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2 years added on to the length of the loan and i end up owing 50,000 rather than 39,000.
Barb is right. Is the difference in the montly payment worth it for you to add another 2 years.
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there is only a dollar difference.
The sticking point is i'm not good at holding on to money. And that is a big sticking point.
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seriously, 1 dollar? Are you going to get cash out of it then?
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10,500 would be the minimum I could take out in order to get the refinance.
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Have you made a list of what you will do with the 10,000.00? Will it totally pay for something you want to do? Will it had value to your house?
To be honest I don't know that I'd add 2 years to my mortgage for a dollar a month difference.
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Sheri`s right, make a list of what absolutely needs to be done, and what you would like done...and weigh the pro`s and con`s.....its not alot, but adding 2 more years, can be a pain too.(speaking from experience)
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That's it I don't need the 10,500 right now. And you can't really add value to a mobile home unless you remodel it and turn it into a stick built. And that would cost a great deal more than 10,500. All it would do is mess up my food stamps and health insurance costing me money monthly.
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Well I mean I could pay off the high credit cards but the rest would be sitting in savings. It would be great for emergencies but that is what would mess up the food stamps. I'm not allowed to have that much money in savings.
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I am so grateful that I have no mortgages or other debt. I could not handle it all.
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Would it be enough for a roof and heat pump? Still, if you can mange both without the refi, and refi would mess up your monthly living...not sure I'd do it.
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There is a program where people on assistance can get help to repair their homes. I'll be applying in November to see if I qualify. It would be nice not to have to take the equity out to get those things replaced.
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Pay attention to the terms on that Tammy. I did that with the first house I had here. I had to use their contractors who did a horrible job. I got a roof, new windows, new a/c and new sewer lines. They did shoddy work. They put a 17K lien on my house for that. Fast forward a few years, through the "boom". House appreciated significantly. I wanted to refi to get cash out to finish fixing the house, including items they didn't do right. I couldn't refi because of that lien and they wouldn't agree to subordinate. 17K was too much for what I got. And even with the refi, there would still have been way more than 17K in equity. Long story short (too late I know), read the terms carefully.
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Thank you for the information Barb. I will definitely check on that. I'm not having a second mortgage put on the house. As you say I can refinance and make sure I get what I want.
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It's not really a second mortgage.. it would be a lien, which in my opinion is worse. lol. Just be sure to read the fine print, no matter what you decide.
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Good luck not matter what you do.
dodge
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Exactly......good luck.
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Yes a lien is worse because it comes from someone else against your property. I'm sorry this happened to you. I will read very carefully.
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Well I am one step closer to the refinance. The final mirror is down. I invited Russ over who had a day off so I would have someone here to help me. He got a spaghetti dinner and I got the final mirror down. Now today I have to mud the joints and get ready for Holly and her family to come over tomorrow to do the painting. I've got my fingers crossed that all goes well with this. With the decrease in benefits the refinance is more important than ever.
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good luck tammy!
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Thanks Jenn, Judy and Robert came over today and helped me with everything. Robert fixed the door on the shed, patching the wall and mudding the joints, fixed the chain saw, Told me how to fix the curtain rod and carried that super heavy table into the multipurpose room. I should be able to accomplish all kinds of things in the craft room now. It's really cool.
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sounds like it is going well tammy! i hope it continues for you.
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They made no progress what so ever today. Although they used another gallon of paint. I guess it just wasn't in the cards.
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Is that a riddle Tammy?
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No. That is depressing. I've decided to texture the wall with the remaining mud and see if that will cover the wallboard. Then I'll have to come up with the money for drywall for the ceiling. There is no refinance in my future. Man financial trouble everywhere at my house.
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Well I talked to one of the guys that is helping me. He said that he had went out and bought a spray gun and they were going to come back and spray the ceiling and the walls. What he needed me to do was to fix the mud that had been put on the patch and the joints where I took down the mirrors.
Yesterday I put the smooth coat on the wall with the patch. You can't see the patch at all today. And that took a lot of work because the patch was 1/4 of an inch higher than the surrounding wallboard. Today I need to apply what is called the skim coat. That is a very light coat that covers very slight imperfections in the smooth coat that was applied yesterday.
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you are moving right along tammy! good job.
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I just couldn't talk myself into doing anything in the bathroom today. Maybe tomorrow will be a better day.
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A break is a good thing sometimes duh.
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Not when more time is spent on break than getting the job done. This bathroom has been in the works for over a year now.
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It's took us years to finish our upstairs bathroom because we paid for it as we went. Now it's done and it belongs to us.
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Yeah I'll definitely save up from now on and then pay to have it done all at once.
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today I put on the skim coat. So after it drys (tomorrow) I'll sand it down and it will be ready to paint. That will be nice to have done. There is very little joint compound left but enough for little holes here and there.
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Ok, I've sanded down the joint that was behind the mirror over the sink. It looks good to me but then my eye sight isn't everything it should be. Now just the other joint and the patch job and I'm good to go. Unfortunately both of those jobs are bigger.
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I'm taking it slow but I'm getting it done so I'm very pleased. I put down a folded old towel, put my one step down on that in the tub, and managed to get the top of the joint in the tub surround done. I still have to do the bottom but its done to the mid point and that good. It's really looking very nice once it is sanded. I'm beginning to think that I will finish this up without to many problems. Knock on wood.
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good job. sounds like you are on the right track and almost finished!
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No there is a long way to go.
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I just saw an advertisement that said mortgage rates are as low as 2.5%. Maybe I should make another run at painting the bathroom.
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I refinanced last year and they did not even come to look at house...or reapraise...they used the last county appraisal. I got 3.5 for 15years.
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That's a great deal.
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Well I went to by the 1 inch 1/4 round and they don't stock it any more. So I got a 1/4 x 2 inch piece and a 3/4 1/4 round piece. So all together it will make up the inch I need to reach the flooring. I can never spell that stuffs name.
Then I bought the gold spray paint for the lamp and decided that rather than spend 10 dollars a handle, for 7 handles, I'd use the ones I already have and paint them with the gold spray paint too. Then I found a matching knob that I can paint the same color for the type writer pull out board. For some reason that piece is missing.
I also got the paint thinner and the drop clothes for the bathroom job. And I'll use the drop clothes for painting the desk also. Lord that is going to be a job. But it will make the computer room look much nicer. And since I got a gallon of the hi gloss black I should be able to do the computer desk as well. Maybe even the open shelving unit. Anything is possible once I get started.
Evidently medicine cabinets have went out of style. They all cost over 100 dollars and they were all boxes with mirrors or blinds on the doors. Boring and not worth that kind of money really right? Well I'll have to come up with something.
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Medicine boxes have gone out of style. I don't much care for the new stylkes. But they are better for the things you keep in the bathroom. Like tooth paste.
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Well I found a medicine cabinet at the auction preview. Monday I plan on bidding for it. I hope I get it. It's not exactly the style I was hoping for but since they don't seem to make it anymore I'll take what I can get and hope that it isn't to expensive.
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It's been awhile since I posted here I can tell.
Well I got that medicine cabinet. The next week I got a wall mount curio cabinet and it's now hanging in my guest bathroom with all my things in it. I mounted it two inches to low but I don't have the energy to redo it so that's where it's going to hang until someone comes over and can lend me a hand.
While I was in there I took down the second arm of the toliet roll holder that was misplaced on the walls and left me with big holes. Today I patched those holes and were I had patched last year I finally got down to sanding so it's nice and smooth and ready for whatever I decide to do to those walls.
The only thing I have left to do in there now is buy some decorative trim and trim out the mirror so it doesn't look so tacky. Then I'm all done in the guest bathroom.
The other medicine cabinet is sitting on the masterbathroom floor until the painting on that wall is done.
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The masterbathroom remodel continues. This is worst than a soap opera. Or at least it's trying to drag on as long as a soap opera. Today i thought I would get in there and clean all the dust out so I could see where I was. That didn't work. The dust clogged my nose my throat and the sponge. The vacumn gave up on it. And after alittle bit so did I. I'll see about a second round after I get the dust out of my nose and eyes.
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Ah, the perfect solution to DIY. Randy is comming over. He is a local handyman and someone I know from meetings. He's going to estimate what it will cost to do the work that keeps kicking my backside. It's a good day.
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It didn't rain so randy didn't come over and my stuff will still need to be fixed.
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He made it. Later in the day but he made it. He was able to fix the toliet just by adjusting the chain. I swear I tried that. I know I did...I think. Then he fixed the exhaust fan just by cleaning it and spraying the WD40. He's going to paint the bathroom for 85 dollars and then next month he'll fix the deck for 50. I'm so glad to be getting things fixed finally.
I managed to get out there and put down the stuff for the roses and weed a bunch more of the foundation bed, sidewalk bed, and sidewalk. I'm not done but I'm closer.
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A great day for you, Tammy. I am glad.
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Thanks Tina. One of my peonies has seed pods developing. I hope they manage to go all the way to ripe. I know they take a long time but that's about all I remember about them.
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The master bathroom is done. And he found a leak underneath the house. So he'll be back next month to fix that. In the mean time I'll be filling the water bucket in the kitchen sink. Doesn't that sound like fun?
I'm just glad the bathroom is done.
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Very good, Tammy. And I have had to haul water in from a well in the backyard at times. The kitchen sink is a marvel.
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So glad the bathroom is finished. It's getting down a little at a time.
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Well Randy hasn't come back but the other guys did a good job as posted in my blog. I have set aside money for the driveway to be sealed and if he can't do it I'll see if the guy down the road can. He owns a paving company.
What the refinance didn't cover, redo the vinyl floors, bathroom vanity/counter top/sink, medicine cabinet, Closet organizer.