Saturday, June 9, 2012

DEBT-TO-INCOME RATIO

OK. I know that there's a problem with mine.
That's why I wanted a loan.
If I had lots of INCOME, I wouldn't have the DEBT.
My bank guy thought he had a great plan but...
The City stopped that.
Several years ago I qualified for a grant to rehab my electrical, plumbing, stuff like that.
I'm eternally grateful of course,
But apparently I am not allowed to consolidate any debt and subordinate the lien until the full 10 years of the grant has gone by.
Sigh.
I get it.
Totally understandable.
Sort of. Although my mind first goes blank
and then there's a buzzing noise when it comes to finances.
But Hey! I'm used to living the edge
and on the BRIGHT side....I don't have to rush my repairs/remodeling on my home.
Rather than just fix things to pass an appraisal I can work on making them EXACTLY how I want it to be.
So.....
Yeah.
To be honest, at first I was crushed.
I got the news at work and it was hard not to cry but....
I've got my health.
I'm actually very fortunate.
Things happen for a reason.
Still.... I'm bummed.
Time for some garden therapy.

6 comments:

sassypackrat said...

I believe that things do happen for a reason. It's always better to look on the bright side if you can and if there is one. And you do have several. There is so much I want to fix and/or change about my house but I'm in the same situation...so I do know how it is.

thecottagebythecranelakeolof1 said...

I guess I know how You felt when they told You, sort of insulted. I felt that way when I had my garden center and even if I could pay back a loan without any problems I still didn't get it. I felt so insulted!

But as You say, things happen for a reason. It's just to bite in the sour apple (swedish expression) and continue with plan B :-)

Have a great day!
Christer.

An Urban Cottage said...

That sucks.

Nita {ModVintageLife} said...

I'm sorry to hear this. I was excited for you. But yes...now you won't have to rush around. Shannon made it through surgery just fine. I'm on my way to go sit with her today. I'll write more later.

Robin Kent said...

Love the doggie bliss on that last pic! I value what I've learned through hard times more than the easy. And I know more 'intestinal fortitude' is to come. (Shutter) Glad you're in our club.

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