Some good news

We finally got some good money news!

We got an insurance quote from where I work (banking, trust, investments and insurance all in one building).

By changing our auto (2 vehicles, full coverage on both) and our homeowners policy, we will save $1410 PER YEAR!!

So the plan is the $40 per month savings on the auto premiums will be allocated to a fund to be sent periodically to 'the bill of the day'... whomever is next in line for payoff.

The savings on our mortgage (we escrow our insurance) will stay there. My mortgage payment WILL go down... but the payment I send will remain the same.

OH! And adding to the mortgage payment going down is the refi we are starting the process of doing. We will be going from 7.25% to 5.25% interest... and that will substantially lower the monthly payment, too. Again, keeping the payment sent the same... will drop us from a 30 year payoff date, to something closer to 18.

Things like this make me happy... for a couple of days there, it was like people were coming out of the woodwork offering to save us money! Thanks!