On being an 'ADULT'
Sometimes, it's the small things (paying a $300 electric bill...hmm, not so small).
Sometimes, it's the big things (refinancing the house).
Every now and then, being an adult and living in 'the real world' smacks you in the face.
12:30 tomorrow the appraisor comes to take a look at the house. And determine whether the improvements we've made in the (almost) two years that we've owned the place are enough to knock of the dreaded PMI. Between now and then, we'll be consumed with cleaning and general 'spiffying-up'.
Private mortgage insurance (PMI)
Protects the lender against a loss if a borrower defaults on the loan. It is usually required for loans in which the down payment is less than 20 percent of the sales price or, in a refinancing, when the amount financed is greater than 80 percent of the appraised value.