Friday, July 1, 2011

Juggling two mortgages

Today marks 11 months that we have lived in our new house. It also means that we are one month shy of a whole year of learning how to be landlords, deal with a rental agency, and collect rent that only pays half of the mortgage. But through it all God has been faithful, even when we doubted and wanted to give up. Like when our renters paid late every month. Or when they flat out decided to stop paying and we had to evict them. Or when we found out that one of them was a registered sex offender and the cops were after him. Or when Shaun spent an entire day cleaning because the place was a disaster.

However (cause God KNEW we needed a however), we are now with a new agency and they have found us a wonderful renter (that moves in today), who has a record of always paying on time, AND she signed a two year contract! We also got a letter in the mail yesterday that said our interest rate was lowered, which means our mortgage on the rental was almost cut in half. Yes, we will still be losing money each month on the rental but God totally took our worries (aka: freak outs) and showed us that we are doing exactly what He wants for us!!!  


The boys and I stopped by the old house to drop off the keys for the new renter. Isaac loved seeing his old room and Parker loved all the open floor space to run!

To read about our amazing house story, click here.

2 comments:

Anonymous said...

The story before the "however" is a little scary as we are going to be trying to rent out our home from a different country!! eek! But God is in control and knows what is best for us and everytime I get the slightest bit worried I just pray about it :) I am so happy that you have found better renters. We had someone put in an application for our place last week and their credit came back as excellent and all things are coming back positive on them so here's praying they are good ones and that they sign a contract and stay a long time! So so happy for you! Hope all is well! :)

Ruth

what is a loan modification california said...

Loan modification is just the term used to refer to the modifications the bankers make when the borrowers are not able to make their loan payments of their mortgages.

what is a loan modification california