Breathing a Sigh of Relief

In the fall of 2009, just four or five months before Michael's passing, I decided to refinance the house.  The rates were great, and I could have the new loan pay off a second mortgage that we'd taken out to finance fertility treatments. Even though we already knew that Michael had cancer, I had no idea that his battle would be so short. And so I took out an adjustable rate mortgage due in five because I thought we'd purchase a larger home in a relatively short period of time. It was not a good decision on my part. But how could I foresee what would happen to Michael or the housing market?


Since then, I've had this kind of hanging over my head because my house has continued to lose its market value. My dad and I looked into refinancing last fall, but I couldn't qualify for a loan that I was comfortable with because I don't the required amount of equity. However, at the time we refinanced in 2009, we had over $100k worth of equity. It is heartbreaking to watch that equity dissolve due to shortsales and foreclosures in the neighborhood.

Yesterday, after applying yet again for a refinance, I was able to qualify for a very affordable loan at the same low finance rate I currently have. I am relieved and grateful to God for providing for me and Michaela in this way. I had feared that our mortgage would become unaffordable in the fall of 2014, and that we might risk losing our home. Now that won't happen.


Thank you, Jehovah-Jireh!

And my God will supply all your needs according to His riches in glory in Christ Jesus. ~ Philippians 4:19