Day 12 - Refinance Our House

This morning we did something that will save us a lot of money, we refinanced our house! YIPPEE! We were able to roll our 2nd mortgage with our first at a MUCH lower rate and it will take us several years less to pay it off, not to mention the huge savings we are going to have in interest. It almost feels like we won the lottery today.

Our payments are going to be almost exactly the same as they had been. But, the very idea of having our house paid off that much sooner is such a relief. My husband and I will not even be 50 and our home will be paid for. Our last payment will be made just as our 3rd child is starting college. It feels very liberating to know that we will not forever be tied to payments and bills, that we will not owe money to a bank forever. Someday, the money that we put into our house will be able to fund a great vacation, a huge investment into our retirement or a helping hand with our adult children's education.

I know it probably seems weird to have a post about refinancing our house as a means to a healthier life. But, for me, the idea of financial security is the basis of great health and well being. It took us so many years to get to this point, we have 2 debts, our home and 1 car. We spent out 20's getting into debt, we spent our 30's getting out and we will spend the rest of our lives enjoying all the hard work it has taken to get to this point. Health, wealth and happiness all go together.