So...Monday afternoon we received a letter from our mortgage company stating our home equity line of credit has been suspended because of the significant decline in the value of our property!
We began renting out our house last December for less than the total of our mortgage. We refinanced the house a year ago and had money in our heloc when we moved to CV. We've been pulling the extra $ we needed for the mortgage from that line on a monthly basis. And now we'll be short that money because we're no longer allowed to access it.
Please pray for us as we are unsure of where that extra money will come from each month.
D was told he wouldn't be receiving a raise this year because no one in that branch of the company is receiving one while they're trying to improve it. So...we have a lot of questions and several options to explore.
God has always provided for us. We believe He will continue to do so. We are also human in that our "freak-out" mechanisms are currently working at defcon 1! Pray that our faith in God's provision will not falter in this time of indeterminate direction for our family.
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1 comment:
I'll be praying...and it is a very adorable bright side...the girls look too cute. We know how weighty the financial stresses of life are...you're in my thoughts.
Rissa
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