Just when you think you are ready to dive in and start swimming, someone poops in the pool.
The refinancing of our home that we were counting on to 1) present us with a nice chunk of cash without taking out anymore of a loan; 2) free up money in our monthly budget by lowering our mortgage payment; and 3) allow us not to make a mortgage payment until February fell through at the end of the week.
Thanks to the lovely economy and the home mortgage crisis, our home's appraisal value has dropped $11,500 since the last time we had it appraised. That takes our loan to value to a higher percentage and turned our hundreds of dollars of monthly savings into a measly $50. Not cool.
So, it's back to the drawing board and fast.
I have a couple of ideas that I want to launch in the coming week. One of them I can do completely on my own to start and then roll out for others to join if they like. The second one will involve some assistance from family and friends in my hometown. I'm thinking of a new multimedia campaign and a spaghetti dinner...two fundraising ideas from separate ends of the technology spectrum, but necessary nonetheless. I want to do this as much as I can without having to go in to any more debt. Yes, I know I will have money once it's finalized to pay everyone and everything back, but I like the idea of working for it and fast.
We have to get our homestudy done before my husband starts training. I'd like to have this process completed not long after that so our paperwork arrives in Ethiopia before the courts shut down again...they do this each year...otherwise, M3 is in her homeland even longer and we're losing opportunities to help her have happy childhood memories even longer. Not acceptable to me.
I will keep you posted.
Our $5 from $4000 campaign added two new members over the weekend. Thank you to another blogging Army wife for joining in our campaign! Only 3937 more folks to find!