Money Talks Back

We just got word from our mortgage broker that our third refinance has gone through. She received written confirmation from the new lender. This means we can afford to make a partial basement under the house!

It's still going to be a stretch to get it completed. We've got just barely enough money to dig out the basement and have retaining walls built. We're hoping we'll have enough to afford the slab as the months go on. Ideally we'd do it now, but it may not be possible with finances as they are. The important thing is that we'll be digging down to the correct depth and installing retaining walls now, making the basement floor possible as a straightforward "add-on."

posted by noel on 02/10/05