Another Refinance Check

I actually can’t believe I’m writing this, but we got ANOTHER check from our refinance. I already wrote about our refinance here, here, and here and I actually thought that was the end of it.

The most recent check we received was a refund from our escrow account. This check was really unexpected as I thought they would just role our escrow account over into the new loan. But, apparently, they didn’t do that.

Don’t worry, we still have an escrow account with plenty of money left in it. This is the refund we got when they rebalanced the account.

Two years ago we put away too much money and got a huge refund of $1800+, last year we had a slight shortfall which upped out monthly payment by about $30 a month, and this year we got another refund. Apparently we got the refund sooner than we would have because we refinanced our loan so they recalibrated the account earlier than they normally would have by about 4 months.

The refund was for $457. Half of the money went towards our credit card debt and the remaining half went into savings.

All these refund checks from our refinance have really helped our bottom line, especially when it comes to our savings account. Just 8 weeks ago we only had about $5800 in our savings account and now we have almost $9000. 

I’m much happier with the bump in our savings and I hope we can continue this upward trend while still making progress on our debt.