Step One: Money to make the dream happen
Well, this has turned into a shit show! Our first thought was getting a home equity line of credit because our house is worth so much more than our mortgage however, our mortgage is with some third party lender so TD (our bank of choice) doesn't want to play nice with us. Umm... WTF TD?! Why you no like us? After an hour at the bank, we left with nothing and I was pissed. I think if they had said that we didn't qualify for the loan, I would have been able to accept that better than them just plain saying "We don't work with your mortgage company". So now what... are we screwed?
No, thankfully, we are not screwed... thanks to our awesome sister-in-law, we are going to re-mortgage the house and work the money we need into a new mortgage amount. Technically, this is a way better option because we can amortize the house for a longer period of time so that our payments are manageable and not have a revolving line. BUT... the work to get this done is so time-consuming! Ugh... the digging through old files is insane. Working in the accounting world, dealing with an annual audit, I guarantee that whatever you need will be impossible to find... happens every single time!
March 27 - start the process of re-mortgaging
March 28 - got approved with TD (of all companies) for a new mortgage to include the amount we will need to do all of our renovations and maybe some added things we would love to do to help us out in the long run
March 29 - April 3 - run around like chickens with our heads cut off to get all the paperwork needed for TD. Just a side note to anyone working with TD... they are STRICT when it comes to the weirdest of things, like lawyers you can use or appraisers or basically ANYTHING. If it isn't on a list somewhere in their database, it's not happening!
April 4 - Set up appointment with the lawyer for signing all the bottom lines... dotting those "i's" and crossing those "t's".
April 10 - Appointment with lawyers
April 13 - New mortgage closes and the money will be OURS.... mwahahahah!
Here we go!!!
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