Now is the Time

“ … I happened to notice that now would be a really good time to refinance your house,” Nathan said.

I came very close to letting out an audible gasp.

We had built a house and within several years, it was becoming more and more evident that we had bitten off more than we could chew. After having an “Aha Moment” (and going from no debt other than a mortgage, to a mortgage, maxed out home equity line of credit, and a significant credit card in just a few years), I knew the next step for us was to refinance our house. We had already paid off the credit card, cut it up, and were sticking to a tight budget, but I knew that for us to stay in the house, we either needed more income or less mortgage. Because of my financial background, I knew that timing was everything. The slightest difference in our rate could make all the difference in the world, but rates hadn’t been moving much up until that point. Now they were dropping – and dropping enough to make a difference in our financial situation. But I wasn’t sure if and when to act.

“Lord,” I prayed. “Please show us when would be the right time to refinance.”

At that point, I knew the Branch Manager at our bank fairly well; we were on a first name basis. But we hadn’t really seen each other or spoken to each other in several years. His name was Nathan; he was a young, up and coming, 20-something, and because of my banking background, we had established common ground.

Out of the blue, the phone rang. It was Nathan.

“Hi, Trish, this is Nathan calling from the bank. Hey, the strangest thing happened today. I received a notice from our mortgage department that they were missing some documentation from your loan – which is really strange since your loan is several years old; I have no idea why they wouldn’t have noticed it when you originally closed on the loan. Anyway, they wanted me to check my file and send them a copy of the document, and while I was looking through your file, I happened to notice that now would be a really good time to refinance your house.”

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REALLY?!?! … You don’t say???

The rate at that point was at one of the lowest in decades, but we were able to lock-in with a guarantee that if it went lower prior to closing, we could take advantage of the lower rate. … Guess what? It went even lower. Once we closed, the rates started climbing again. I had prayed for wisdom about timing, and God had supernaturally helped us out; regardless of how we had gotten there, we weren’t in this alone.

© I Lift My Voice, 2015.