So, for those that weren’t around when I bought Casa Primer, you will not be in the know of the drama that came with that. It’s quite possible, you may not know that I don’t like drama in my life. I have enough stress as my baseline as it is for the adding of drama. Here’s the Previously. And here’s the Now:
We knew that Lakeland Regional Mortgage had pretty much screwed us over. And that I didn’t have anywhere to go but take what they were offering since they didn’t approve me all official like until 3 pm the day before closing. I can say now that the main motivator was fear. I was afraid the seller would walk from the table. Hindsight and all that- it could have been very possible that they would be willing to wait until I had a proper offer drawn up from proper people.
I didn’t realize to what extent I was screwed over until a few weeks ago when I called about trying to consolidate my loans. It’s pretty much a certainty that I will lose Casa Primer in two years…when the fixed rate loan I thought I had turns into the what it really is, which is a 5 year ARM that moves to principle & interest with an ugly, ugly rate that caps at 11.85. Yes, you read that right, 11.85. That’s the ‘fixed’ part.
What’s more is that when we refi’ed a few years ago to get a consolidation, that could have gone better. Essentially, we should have consolidated that shady home equity multi-thousand just like a credit card shwammy LRM set up into one loan. I’m fuzzy on the details because mom was the front runner on getting that going, but we went another route and converted that to a fixed loan and got money to pay off car loans etc.
Anytime someone asks me if I could go back and change something in my life…right now it’d be to take what I know now, and use it when I was closing on Casa Primer. I might not have gotten Casa Primer as it currently is. But I wouldn’t be facing figuring out something that won’t cripple me financially within two years to unfuck this all. When I told Trex what I found out I finished the reveal with ‘I’m pissed with Lakeland all over again. How many years later…and the ripples are still rippling from the epicenter.’
I wanted to cry that night and cripple a heavy punching bag. I don’t have one of those and despite that I wanted to cry, I didn’t. I think just feeling helpless was enough for me to be numb enough not to cry. I don’t know anyone that likes to feel helpless. So that was enough.
I’m working with someone to see about trying to get out from under, so that in the future, it will be possible to refi properly and consolidate my mortgage. By the time I’m back from Nevada, I should know either way.
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