I Have A Slice of the American Dream and It is a 30 Year Nightmare

Well, we did it. We are buying a beautiful, brand new house, planning our wedding, and getting ready to move. The cramped trailer we have lived in will just be a memory. The house we are buying is a 4 bedroom, 2 1/2 bath, 2 car garage slice of the American Dream.

However, my fiance and I sigh and realize it is a 30 year nightmare we will be paying on for a long time before it is truly ours. By the time the house is paid for, we will be too old to travel like we wanted to. England, Ireland, Scotland and Wales will just have to wait. Well, at least we will get Senior Discounts.

But, knowing I will be getting married in my house and gliding down my stairs toward my intended while the stereo plays and our friends and family look on, is going to be worth it. Getting married at home is going to be something we remember and we will be able to enjoy a nice honeymoon with the money we saved. Maybe even rent a nice vehicle to pretend is ours.

The house is in the process of being built now and we watch it's progress each Sunday. Hopefully, it will be completed in about 3 weeks. It is amazing how much work goes into a house and how plans on paper become reality.

When we burn the mortgage papers in 30 years I want a big bonfire and I will dance around it with my husband, children and grandchildren. Then I will pack my bags and make that trip I always wanted to make and complete some more things on my "do before I die" list. At least "buy a new house" is checked off on my long list. What's next? oh, I see, it says "write a best selling novel"...hmmmmmmmm.

Caitlyn Carrington has been writing since the age of 10. She used to make homemade cards with poems for her family and friends. She is an accomplished poetess and writer and busy working on her novel "the celtic soul". She has been nominated for "Poet of the Year" from International Poetry Society.


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In The News:


Interest rate drop opens door to refinancing
Austin American-Statesman, TX - 6 hours ago
By Shonda Novak, MS Taboada The recent sharp drop in mortgage interest rates is creating a window for homeowners nationwide to refinance and providing an ...
Looking to refinance? Now might be the time Boston Globe
all 2 news articles

Ben Bernanke: Fresh Attack on Mortgage Rates
U.S. News & World Report, DC - 13 hours ago
Lower rates will enable some borrowers to refinance out of adjustable and into fixed-rate loans. But those who need to refinance the most have homes with ...
Long Bond Returns Most Since 1995 as Rosenberg Sees ‘Bubble’ Bloomberg
Treasury Yields Hit Record Lows, But Will it Last? Housing Wire
REFILE-TREASURIES-Bonds rally, helped by weakening economy Reuters
Hemscott - Bloombergall 148 news articles

Self-Employed Are Frozen Out of Mortgages
Wall Street Journal - 5 hours ago
He's been unable to find a lender willing to refinance the $900000 adjustable-rate mortgage on his primary residence, which he says is worth around $1.1 ...

Md. sees drop in loss of homes
Baltimore Sun, United States - 2 hours ago
Many borrowers took on mortgages at the height of the housing boom, believing they could eventually refinance to a lower loan rate or sell their homes if ...

Wolters Kluwer Financial Services Begins Development of Hope for ...
MarketWatch - 18 hours ago
For borrowers who refinance under H4H, lenders are required to "write down" the mortgage to the Department of Housing and Urban Development (HUD)-provided ...

BBC News

Mortgage rates fall, but many borrowers will have trouble qualifying
Los Angeles Times, CA - Nov 27, 2008
Jeff Lazerson, a Laguna Niguel mortgage broker, said all the customer calls he received Tuesday were from people seeking to refinance, not buy homes. ...
Mortgage-market revival: Try, try again CNNMoney.com
Last Call for Smart Homeowners Motley Fool
US move cuts mortgages to lowest rate since February Baltimore Sun
Bloomberg - AHNall 2,159 news articles

New mortgage crisis looming, experts caution
San Bernardino Sun, CA - 7 hours ago
And since investors no longer want to buy commercial mortgages, banks are reluctant to write new loans to refinance those facing foreclosure. ...

Good time to refinance your mortgage?
WKTV, NY - 16 hours ago
By GARY LIBERATORE (WKTV) - If you are in the market to buy a home, it's a really good time, but if you're selling, it's not so good. ...

A recession Q&A
Newsday, NY - 1 hour ago
... take measures that will result in lower mortgage rates, "so people can afford to buy up housing inventory and refinance mortgages at affordable rates. ...

Great Wolf continues mortgage negotiations
Wisconsin State Journal, WI - 13 hours ago
Because of the economy, refinancing arrangements are taking longer and are structured differently than in the past, he said. The resort continues to operate ...
BRIEF: Great Wolf still talking with lenders Trading Markets (press release)
all 4 news articles
mortgage refinance - Google News
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