![[info]](http://l-stat.livejournal.com/img/userinfo.gif){kind=small}
August 14th, 2008
I'm really pissed right now.
I DID EVERYTHING RIGHT, AND I'M STILL GETTING SCREWED.
Here's the deal: I need to refinance my existing mortgage because it's going adjustable real soon. I have a second on my house - a line of credit I wanted to do all the home upgrades (the new kitchen, etc.)
Unfortunately, I've been bitten by the mortgage crisis: (1) My home lost over $100,000 in value since January 2008. (2). The lending rules have tightened up at the credit union and they will not longer subordinate a line of credit as large as they one they gave me in January.
What this means is that my home projects - my line of credit, is likely going to go away soon. And my hopes for that remodeled kitchen will likely go away with them too.
This hurts because getting the rug pulled from the green kitchen project strikes at who I am as a person, and the "mission" I feel about these things. It strikes at the security I've gotten by having the line of credit available for emergencies.
The annoying thing is that I've DONE NOTHING WRONG - I've done what the lenders have asked of me, on time even. The mortgage industry got greedy, got burned, and then makes ME pay for it.
I'm so angry right now I'm shaking - I keep thinking it's not fair. And it's not. About the only consolation I feel right now is that at least I'm not losing the house: this is a big inconvenience at the end of the day, not a catastrophe.
I'm trying to find better ways of having a more functional, greener home. It galls me that I may be blocked from this work because of something I had no control over.
I DID EVERYTHING RIGHT, AND I'M STILL GETTING SCREWED.
Here's the deal: I need to refinance my existing mortgage because it's going adjustable real soon. I have a second on my house - a line of credit I wanted to do all the home upgrades (the new kitchen, etc.)
Unfortunately, I've been bitten by the mortgage crisis: (1) My home lost over $100,000 in value since January 2008. (2). The lending rules have tightened up at the credit union and they will not longer subordinate a line of credit as large as they one they gave me in January.
What this means is that my home projects - my line of credit, is likely going to go away soon. And my hopes for that remodeled kitchen will likely go away with them too.
This hurts because getting the rug pulled from the green kitchen project strikes at who I am as a person, and the "mission" I feel about these things. It strikes at the security I've gotten by having the line of credit available for emergencies.
The annoying thing is that I've DONE NOTHING WRONG - I've done what the lenders have asked of me, on time even. The mortgage industry got greedy, got burned, and then makes ME pay for it.
I'm so angry right now I'm shaking - I keep thinking it's not fair. And it's not. About the only consolation I feel right now is that at least I'm not losing the house: this is a big inconvenience at the end of the day, not a catastrophe.
I'm trying to find better ways of having a more functional, greener home. It galls me that I may be blocked from this work because of something I had no control over.
angryWhy is it that smart, intelligent engineers ignore fire alarms until the big guys with SCBAs are right in front of them? "Oh, I didn't know it was real..."
The Captain was *not* happy. I was the Incident Commander.
Guess who heard about it?
It's been one of those days.
The Captain was *not* happy. I was the Incident Commander.
Guess who heard about it?
It's been one of those days.