Yes, Virginia, there is a Santa Claus…

Today is a good day. No, today is a GREAT day!!! Everybody stop, drop, and thank the Lord.

Hubby received a call from the mortgage company today and the loan modification is 95% done and it hasn’t been approved yet, but it looks like our new APR is going to be 5%. Can you believe it! FIVE PERCENT!!!! If i could do back flips, i would do them all the way home. I’m so excited i could cry. This is the most wonderful news i’ve had in a very, very long time!!! This means our new monthly payment will be roughly $1,500 – a far cry from our current payment of $2,689. That is almost HALF! Although the 5% rate is only fixed for 2 years, it will only bump once to 6.75%. I can totally live with that. That’s better than our original loan! way better.

It has been a long, LONG two plus years that we have been struggling. This is the first major step in the right direction.

Yes, Virginia, there is a Santa Claus. And he works at Chase Bank!

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