I'm Impatient!!
Yesterday, we met with our banker and signed the documents for the rate adjustments. Due to the size of the 2 loans, this is quite a sum to be saved monthly. After re-couping our $100 modification costs, I can't wait to see our balances go down faster then ever!!!
Although, it will only be a quicker a payoff on the oldest note, it will mean substantial savings on the newer one for years to come.
I have logged into my online banking, like a zillion times (slight exaggeration). I wish the changes showed automatically. Although, they will be effective from yesterday, I still would like to see them with my own eyes.
I guess bankers are like turtles.
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