August 2010

Andrea de Michaelis, Publisher
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Hello and welcome to the August issue of Horizons Magazine. In June I applied for a mortgage refinance. Everything had fallen magically into place for me, yet I had not even anticipated applying an hour before I did. I just figured OK the Universe wants me to get a mortgage refinance, that's why it's all happening so easily. The inspector and appraiser came out within days, I got good reports back and an appraisal within $4K of my guess-stimate. I did not need any repairs done - it was all good news! But then I began to have second thoughts about having jumped in so quickly with such a major decision. I'd also applied to include a $5500 loan for home improvements and thought - did I really want to finance that for 30 years? That seemed mega-stoopid.

I felt oddly relieved when I was told they could only refinance the first mortgage and second mortgages. Next I was told that, because of my loan to value ratio, they would only refinance the first mortgage. That felt a lot better, although it didn't serve my original intent. At this point I wasn't sure what my intent was, I was just going with the flow. I still hadn't given the matter much conscious thought. I did a lot of gardening and artwork to keep myself in the vortex while the Universe sussed it all out. I was ok with whatever the bank wanted to do, but I didn't expect to be denied altogether. Which is what happened. For about 5 minutes after getting the loan officer's email, I was confused and wondering what was my lesson in going through a week of that?? yet within minutes I felt ok with it and even relieved it was over.

Upon initial reflection, l figured my not being too freaked out about being denied is that even though the appraisal cost me $500, the loan officer gave me a heads up that my auto insurance seemed high and my homeowner's as well. At his suggestion, I compared other companies and got the homeowner's reduced by $300 by electing a higher deductible, plus whatever discount I'll get as a result of the wind mitigation inspection I just had done. I ended up with a reduction of over $700 per year.

Thanks to his advice, I switched my auto insurance from my current company to 5 times the coverage with Traveler's Insurance and will save $400 for the first year's renewal. If I look at the past week as a mortgage refinance attempt, it was not successful. But if I look at it as having paid for sound financial advice, it was a success that immediately paid off.

What ultimately did me in was debt to income ratio. A year ago I lowered subscription prices and ad rates in Horizons Magazine as an economy stimulus incentive. I figured I could take the hit easier than some of my customers could. In 2004 I incurred $30k+ in medical bills and in my haste to get them paid off quickly, I'd put $400-$500 a month the past 5 years toward them. (Today I'm down to one small bill and the rest are paid!) Since the medicals were interest free, I should have paid a minimum on them and paid more each month toward principal on my interest bearing home improvement loan instead.

I am real aware that what I think is happening is not always what is happening. Sometimes it's not for me to know until later what the reason is when things don't go as I planned. It's not always for me to know until later why I am guided to do the things I do, like me getting the files together without knowing why, and applying for the refinance out of the blue.

So, if I know how law of attraction works, how did I attract the denial of my application? I can drive myself crazy trying to figure that out, or I can just reach for the better feeling thought instead. I admit there was no prepaving on my part to line up the energy ahead of time; that could be a factor. I was doing no creative visualization on it, since it seemed to be flowing fine without me directing it to a particular end. That could be a factor.

I can lament that I allowed myself to get vibrationally wrapped up in some conflicts several friends were having; that could be a factor. But I realize that everything around me serves to show me where I am vibrating. Whatever catches my attention shows me what I am in vibrational resonance with. I have to bless it and either move away from it, or take the consequences of what I attract because of paying attention to it. So, no, I don't think I attracted a denial because I gave attention to friends complaining about friends, making judgments about them myself, then beating myself up for making judgments. Hmmmm, or did I?

I know not to beat myself up now for coulda-shoulda-woulda. Had I chosen to apply law of attraction to getting my refinance, doing my visualizations and prepaving, I could have had a very different outcome. Maybe the Universe just wanted me to meet a hunky mortgage loan officer and have him give me advice that instantly saved me the $500 I paid him, and ultimately saved me twice that per year. Or maybe I just need to have a current appraisal on hand for my future refinance with some magical unicorn mortgage company in the sky for 4%. I'm open to anything. In the meantime, I'm going to work to pay down my bills so I can reapply in a few months - after some prepaving work - and have a better debt to income ratio. I'll bet I can do this lots sooner than I think. Things always seem to fall into place for me. That's my story and I'm sticking to it.

I get my mortgage refinance!
A few days after being denied my mortgage refinance and writing the above, galpal ChaCha LaBelle asked me when I could reapply. That reminded me this was not a halt, this was just a delay. I got a referral to another mortgage lender and was told that each lender has their own criteria about percentages and ratios of loan to value and debt to income. I had nothing to lose, so I called and got them my paperwork. I was glad to learn that my current appraisal could be transferred and I would not need a new one.

At the time I was declined, I had a raging chest cold and was also in final layout with the July Horizons. Final layout means a week of 12-16 hour days, nose to the grindstone, no time to goof off. So at my busiest time of the month I am dealing with the refinance, calling around for insurance quotes and changing carriers and coverage, as well as a giant chest cold that is kicking my butt. I was in a time crunch and feeling it - on all levels. I was not surprised when I began having the stress factor red patch.

My stress factor red patch is my mysterious tell-all stress indicator. When I get stressed, my body gets a hot red patch about 1 x 3 , in a particular spot, which disappears as soon as the stress is gone. I only get it every few years. It showed up the day before Wachovia declined my refinance. It disappeared the day after I sent my information to the new lender. I knew that my mysterious, tell-all stress indicator knew something I didn't know, something that meant stress had already been lifted for me.

Then 3 days before the magazine was due at the printer I got a call that my refinance had been approved. I was told I can close in two weeks and all they need are my profit and loss statements year to date - aaaugh! I only had the first 3 months done since the second 3 months don't usually go to the tax accountant until next month and it's a several hour job to get the documents together. Hours I didn't have right then since I had 3 days to get the mag done! Also I was in the midst of a big chest cold which was taking my energy, but the prospect of getting the refinance motivated me. Two hours later, I'd gathered and speed copied and speed scanned almost everything and took it to the accountant. When something needs to be done, I am glad I always find the energy to rise to the occasion!

They were able to offer me a fixed rate of 4.875% for 30 years. Yay for an 802 credit score! That was better than the 5.25% that Wachovia had offered before they declined me, so Wachovia lost the 6.74% I was paying on my first mortgage and the 7.99% I was paying on the second. I predict that Wells Fargo will buy my mortrgage.

So this is one more confirmation that I can trust my mysterious tell-all stress indicator. It's more evidence that prepaving and momentum can come together in surprising fun ways when I allow myself to release resistance. It's more evidence that if I stay hopeful and optimistic and expect things to turn out better than I expect, they do.

It's evidence that if I pray for direction and listen closely, I will be guided at each stage what next step to take. Maybe I won't get all the steps in advance, but I'll always be guided to the next step. It's evidence that if I believe that who I am and what I do is enough, it will be. I love my life.

Enjoy our offering this month. Hari Om.
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