Apparently our refinance was funded, because our old mortgage is showing as paid. (It probably funded Monday, but is just showing up online).
Better yet, when I logged into my CU account today, I saw the new mortgage there.
Talk about simplicity!
Now, what are the odds that they will keep the loan? Hmmmm...
Until and when/if things change, I will really enjoy the simplicity of just having our mortgage with our primary banking instutution.
I have a huge principal payment to make mid April, so it will be a good test. As is, it wasn't "100% set up" yet so I couldn't check out the "extra principal" interface. Though I could send a payment today if I wanted to (for however much I wanted to pay). So, that is good.
I was only going to send about $400 of my bonus to principal - first payment due - but that would make it a $1000+ principal payment. Holy low interest!
A Beautiful Sight!
March 22nd, 2012 at 03:57 pm
March 22nd, 2012 at 06:47 pm 1332442026
I have my mortgage and primary checking account at the same institution. It is very convenient to be able to transfer money at any time, regular payment or extra principal payments. And the ability to specify, with a radio button, exactly what the money is for (no more mis-applied extra principal payments). The last few years are the only time in my life I have had my mortgage and primary checking at one place. I really like it, I wish it had always been so simple.
March 22nd, 2012 at 06:55 pm 1332442555
March 22nd, 2012 at 11:46 pm 1332459998
March 23rd, 2012 at 02:00 am 1332468057
March 24th, 2012 at 09:38 pm 1332625085