Worth the wait

So many of you already know that we have been going through a LONG LENGTHY procedure with our lawyers and our mortgage company to come to an agreement on our loan modification. I finally received the news yesterday with all the details on the loan mods & we have decided to sign the papers and proceed. This has been an ongoing deal since March & no part of it has been easy, but we are thankful that it is all done.

They managed to put us into a Principle & Interest loan (which before we only had interest only) and our interest rates are somewhat unbeleivable. The payment has been reduced by 47% from when we purchased the house in November of 2006. Which is also a great thing since our income has reduced by about 60% since the time we purchased.

Now comes the hard part, the mortgage is still slightly more then we are comfortable with, but we will not be greedy, so now we need to buckle down and get rid of all the extra's that we don't need so we can be very comfortable. After all that we have been through, I think it will be much easier then we think. I'm looking forward to simplicity again. When you think about it...we are all so spoiled in our way of living...getting back to basic necessities is not only good for the bank account but also enriches the soul. For this, I am excited.