I only just closed the purchase of my new condo in Seattle on February 29, 2016. Due to volatility in the markets after the United Kingdom voted to exit the European Union (commonly known as “Brexit”), I received a call this week from the lending agent for my mortgage. Turns out Brexit has brought mortgage rates to new lows since my financing was locked in. For no cost at all, he offered to help me refinance and reduce my monthly payment by $110. That represents a rate change from 4.5% to 4.125% interest on my loan. Not too shabby.
I may have owned a home once previously before this one, but I’ve never gone through the refinancing process before. Now, I’m not entirely dumb at finance and money things. But the refinancing logistics left me with many questions, especially when I’ve been paying off principal on my home for nearly 6 months now, yet my new loan would be for $2,000 more than my original loan amount as if I’d not paid any principal. How the hell does that work?
So I swallowed any pride I might have and had my lending agent explain the ins and outs to a CPA like I was 4. It was humbling, but helpful. And I’d highly recommend that if you own your home, you look into whether refinancing post Brexit could help you reduce your monthly payments as well.
I have many projects I want to complete in my home: new floors, changing all light fixtures from energy wasting halogen to energy efficient LED, a new paint job throughout, additional landscaping on the patio, and a bit of a birthday for the bathroom and kitchen finishes. I’ll soon have an additional $110 a month to put aside for those upgrades. Thanks, United Kingdom.
In other news, I spent last weekend in Denver, visiting a friend and a new town I’d never properly been to before. I’d only ever spent 1 or 2 hour layovers in Denver airport. I went to a Colorado Rockies game (they won), had a fabulous massage, ate some great food, and made it up into Arapaho National Forest to a little ski town comparable to Breckenridge, called Winter Park. The ski lift is used in the summertime to transport mountain bikes and people alike to the top of the mountain. They then did some extreme biking clad in elbow pads, knee pads, and helmets, back down the mountain. This allows ski retreat locations to function not just in the winter time. I took no part in the extreme sportsing; I much preferred to enjoy as a spectator, while I enjoyed the most amazing watermelon caprese salad.
It was a nice getaway, but I’m happy to be back home. Summer has settled on Seattle, with temps in high 70’s/low 80’s. This past week has seen some mid 80’s/low 90’s action even. It’s a little warmer than I’m used to and prefer, but I can’t complain. If it gets unbearable, I do have an air conditioner.
I beta-tested my first batch of Jell-O shots since living in Sydney last night: watermelon Jell-O, made with Malibu Rum and Triple Sec, my own twist on the recipe. I plan to sit in the Adirondacks in the sunshine after the gym both days this weekend. I sprung for a house-cleaner to spend 3 hours on my place today, to give myself a break from chores. I get to come home to a clean house this afternoon. It’ll be delightful. Time to really enjoy my first summer in Washington, now that the warm weather has arrived. I’m gonna kick back and let my home work for me for a change. I hope you enjoy the last weekend of July and get your summer on.