Thanks Broken Arrow
Well, I do thank you for your reply. I understand my willingness is 1/2 the battle to change. I am so determined to get it right. I want nothing more than this time next year to feel comfortable and pleased with where my family is financially.
Living below our means is the TRUE factor here. I guess we are sort of stuck now. There are alot of factors that really can't be changed. I mean our vehicle payments are more than our mortgage. I know that is so stupid! That is an example of our poor judgements in the past. We pay $794.23 a month for our 2 vehicles and our mortgage payment is $617.34. HOW STUPID is that!!! It makes no sense I know. However, my vehicle will be payed off in December. I am going to drive it until my feet fall thru the floor..lol . Then we will only have 1 car payment at $363 a month. My grandfather was going to include my car balance in the mortgage..but we decided not to. The interest has already been payed 10X's over..and no sense in making yet another mistake. Plus with bad credit, to no credit, I thought leaving those as they are would help our credit score.
I also wanted to say the main reason I feel guilty is because I know he could be making more than 5% interest on the $115,000 that we are repaying. We have a legal contract in this that is set up to only be for 10 years. On 2/10/14 we are to make the final balloon payment for $93,770.80. That is where wer intended to have our finances in order and be able to refinance that amount. However, besides the guilt, I am wondering if I should just refinance now? It's like a big issue, we need a new roof and windows bad. Well, with no savings, no way to prove equity since it's not really listed in credit reports, we are stuck. It sort of a no win situation. The home itself is wonderful, and actually worth alot more than we bought it for and are paying now. So, in that aspect we did the right thing. My husband does make good money and we can actually afford to live here(once we get that darn car payment out of the way). So I do see a light at the end of this year. I just am so overwhelmed with all this.
I just need some guidance. I've tried everything, and never followed through with anything. I need..no I MUST change. Once again, sorry for all the drama. I'm finally being honest and I just need to vent. TY
|