The Appraiser...

So.... We had a thought. When Devin bought his motorcycle that interest rate that he got was 16%. By the time is all Said and Done, we will be paying double what he bought the bike for. WOW, that's really bad. So we figured that we have done all this work on the house, that maybe we will have enough equity to get a home equity line of credit, which would have a pretty low rate.

We busted our tails to get all the work done, all the little projects finished up, and finish the little touches left in every room. The Appraiser chicka came out on Monday and took pictures, looked at the site and compared our home to the others in the neighborhood. We were supposed to get the appraisal back on Wednesday...

We got it back. It didn't come back as high as we wanted. But it came back high enough that we needed. The bike is now going to go onto that line, and that will automatically save us $5500 in interest charges. Yeah for that. We have made $38,K on the house since we bought it in August of 2007. Keep in mind though that we did spend about $20K for all the supplies to do everything we wanted. So Devin and my part time job over the last 7 months was worth 18K. Not too bad I guess, and that's with the market down now.

It kinda felt like a slap in the face, like our work wasnt' good enough, but you can't get mad at the market for how it is. We got the minimum that we needed for the bike anyways, and the most Positive thing about the whole appraisal, I got Devin to finish up all the little things from last November and our house is SPOTLESS. A good start to the week especailly when we will be having a house full of guests this whole weekend. Well there are my thoughts, you should be thankful that I didn't write them yesterday when I got the news. )-: