« 6.2: Sick and tired. Or tired and sick? | Main | 6.4: Closed »
November 3, 2011
6.3: Paperwork
We're refinancing our house.
This is the third house we've owed, and the second time we've refinanced, and I still don't understand half the paperwork. I mean, I get the variable rate/balloon payment/foreclosure-avoidance stuff. What I don't get is how all those numbers on the HUD match up. Which numbers are silly and cancel each other out, why there are things that are called credits but I'm not getting any cash out of them, and why I always seem to be paying more than what was agreed upon when we contacted the lender.
And why, on the day before closing, there is always an error in the paperwork.
In this case, what appears to be a $1,700 error.
Not exactly chump change.
Now I get to spend my evening finding all the original emails and paperwork and trying to figure out where the numbers went wrong.
Posted by me at November 3, 2011 8:13 PM