The terms of the loan on this house are fuzzy. Remember when I said we’d do better this time and learn from the mistakes we made on the last house? Well, I don’t think that happened.

Our mortgage person talked in circles and didn’t give us a lot of information that we could understand. She talked a lot, don’t get me wrong, but she confused the heck out of us. We discovered the issues (primarily that we were NOT getting the load we thought we were) literally the day before we were to close on this house. We ended up accepting the terms on the loan anyway. It would have cost us money and possibly the house if we delayed to find another mortgage option.

Now I keep reading about the mortgage crash and how the market is so unstable right now. One of the mortgages they talk about being at risk is exactly what we have and it makes me nervous. I wish we could get a “do-over” and get another loan.. but there is a refinancing penalty if we refinance in the first three years. So what do we do? Maybe we should chuck it all and look into Orlando real estate … just kidding.

Seriously.. I’ve been reading this stuff and it’s totally freaking me out. We didn’t get a sub prime loan as we had good credit..I think? See, I’m confused how we ended up with what we got? Or even WHAT the type of loan is that we got. Or if that was the best we could have. It’s all a big pile of confusion for me. I don’t feel things were fully disclosed to as it should have been and that’s a huge no-no… but how does one prove that? And will it screw us over if we pursue it? It’s scary stuff, I tell ya.