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Medical Mortgage

August 17th, 2006 at 06:36 am

Well, we have a chance to refinance the $149,000 that is left of the mortgage my parents took out on their house to pay my medical bills. The interest rate is a lot lower, the payments would be $300 a month less than what we are making. And it would get paid off ten years sooner.

They are checking with one other company first, but it looks like it will be a go. She didn't want to say anything to me until she knew that everything checked out. So with that $300 a month we could make a car payment. By April we will have $5000 saved up for a down payment. Maybe more, depending on whether or not we can sell the Blazer.

So, this means that even if my husband does not get the better new job with his current company, we will still be able to get the sorely needed new vehicle.

The job closes tomorrow and then it is a waiting game. His boss really wants him to move into this new job, and he (the boss) has some say but not final say. But...there are 6 other people who have applied for it. One has a bachelor's degree who has been out of the industry for 4 years working as a carpenter. One is just finishing up his master's degree and has absolutely no real life job experience. 2 DH works with and and one has no drafting background which has been part of the problem with people in this position before not working out. The other is close to retirement wage and already makes more than the new job pays, which he didn't realize when he applied. So that leaves 2 wild cards we know nothing about.

I am hoping they are the flaky type they've had in the past. Where they ask for petrochemical experience and get a resume from someone who has pumped gas for the last 20 years. But I doubt it. I know that we are probably taken care of now on the needing to get a new car issue.

But I still want this for DH and I know how badly DH wants it, too. He wants to do this before his degree gets rusty. And I want it for our finances. To be able to throw $1000 extra at our debt each month would mean so much towards getting out from under all this massive debt.

Aside from the medical mortgage we still have about roughly $74,000 between the mortgage on our own house and what we have left on our credit cards. $223,000 total. I want it gone. Some days I wish we had declared medical bankruptcy instead of trying to pay this all off ourselves. I don't know where we would be if the hospital hadn't cut our bill in half and we hadn't had medical insurance at all.

DH is a hard worker and a good worker and he really deserves this. I so hope it happens. It would be the answer to so much. I don't have my hopes up though. I'm afraid to because I just don't want to be disappointed.

And to think I didn't think I had anything to blog about tonight and almost skipped. LOL Guess I was wrong.

4 Responses to “Medical Mortgage”

  1. freeme journey Says:
    1155801220

    Hang in there - just believe that everything will work out for the best for YOU AND YOUR FAMILY and it will. I think you are courageous for not declaring medical bankrupcy - one day at a time and you will bet there, Bronwyn

  2. ima saver Says:
    1155825354

    I am keeping my fingers crossed for you!

  3. fern Says:
    1155825480

    It sounds like your hubby has a good shot at that job. Try not to worry too much, the answer you're hoping for will come soon.

    Medical care, i know, can be so expensive, even for someone relatively young and in good health. The high cost of health insurance was the reason i could not continue working my own business, and, if i remain single, i believe it will be the reason i have to continue working well beyond the age i'd like to retire, until Medicaire picks up the tab.

  4. homebody Says:
    1155826481

    How wonderful of your parents to help you out this way. That is priceless!

    Good thoughts coming your way for DH and the job and everything else.

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