For the last few months I’ve been struggling to pull the purse strings tightly together. I’m about to have another round of what else can I do without.
In the meantime, I began the desperate process of applying to refinance my home; my property taxes have consistently gone up in the three years that I’ve been living there. I’m now paying $350 – $400 more than what the previous homeowner paid the year I moved in. Let’s just say that $1900+ a year is not fun to come up with even when it’s divided up into 12 payments and added to my escrow. The $172 Private Mortgage Insurance (PMI) that the broker told me I’d only be paying for a year — yeah, he saw a naive sucker coming — really bites, and to be honest, I cannot figure out how Chase calculates the escrow. Even if I were to write a check for $600 at the beginning of the year, it would not reduce my mortgage bills by $50 each month. Forget trying to discuss the logic of that with them. Bank people do not live in a world that operates with the same numeric logic that the rest of us do, I have learned over the last year or so. Bank math logic is mysterious and mystical. I really thought I understood accounting when I took it in college but apparently they teach all of the magic spells that go with it in the non-Freshman classes.