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| 3 things |
Today was a big day of adulting.
1. Technology. Today MT and I signed mortgage papers on the new rental property in Pocatello. We bought the property using a hard money loan, which is a high interest loan for a short amount of time. The hard money loan term was six months, and the balloon payment with principle and interest was due on May 15, so we were happy to get that loan paid with plenty of time to spare. Since the property is in Idaho and we didn't really want to drive to Pocatello for an hour's worth of meeting time with the title company, we were able to do a virtual signing with a notary. We got all the closing documents yesterday and had plenty of time to review them. This morning, we logged into the mortgage company's secure signing site, uploaded our identification, and requested a notary. In less than 30 seconds, Kyle from Minnesota came on the screen and walked us through all the signing, just as if he was sitting right at our table with us. It actually took longer for me to figure out how to connect with the notary than it took for the notary to come online with us. Immediately after signing, we were able to download the entire signed loan file, and had confirmation from the title company, our mortgage broker, and the new mortgage holder that everything was done. Pretty cool.
2. Tax day. Today is the last day for Americans to send their federal and state income taxes. We had a very large tax bill this year due to the fact that we sold a house and were unable to find a property to invest in to avoid the taxes on the sale of the house. (The government has a short window for re-investing.) Fortunately, we'd set aside money for the taxes, but it was still pretty stressful to write a check that big. Ugh. Painful.
3. Insurance. When I broke my wrist in January, I had to have out-patient surgery to repair it. Unfortunately, the expensive insurance I have did not cover out-patient, so I had to get a very expensive supplemental policy to offset the cost of the surgery. The weird part is that I was never billed for the supplemental policy - until yesterday, when the insurance company hit me with three months of the premiums, nearly $2,500. Gulp. Good thing I had money in the account because I was unprepared for the situation. (My bad; I knew it had to be coming.)
I called the insurance company this morning to cancel the supplemental. The woman I spoke to said she only saw one claim on it in January and did I want or need those two additional months? I said no, so she said she would submit a refund request for me for the February and March premiums, and if it was approved, I'd be getting a check in about three weeks. Wouldn't that be great?! She also confirmed that she'd cancelled the supplemental policy, so I won't be getting any more charges for that. I'm bummed at myself for not being more on top of this situation, like setting the premium aside and calling to cancel the policy earlier, so if the refund works out, I'll be breathing a big sigh of relief.
It's been a day! I think I'll drink a glass of water, relax my mind by drawing a quick doodle, and go to bed.
Enjoy the rest of the week!
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