I got a letter in the mail yesterday from my old mortgage company. When I opened it, it was a check! At first, I thought it must be like one of those car dealer places or sketchy loan places that send you a thing that looks like a check, but really it’s just a loan or an ad for a loan or something. When I looked more closely, I saw that it was indeed a real check. A check for $1,300. Woo hoo!
What it actually is, is a refund on my escrow for my old loan. My new loan’s escrow was taken out of the total amount, so it actually was $1,300 short. I will either be putting this together with my loan money (to help mitigate the ever-increasing cost of the porch project), or I will simply deposit it in my account and transfer it immediately as a payment toward my loan. Either way, it’s not really extra money that I can go on a trip to New Zealand with, so it’s not really as exciting as it would seem.