A New Beginning
In November of 2017 I received an unknown phone call and on a whim I decided to answer it. It was a representative asking why I hadn't completed my application with Commonbond. I explained that I didn't know what the next steps were or how to finish the application.
The representative clearly explained my new monthly payment, my new fixed interest rate, where I could find information from my previous lender, and other documents Commonbond needed in order to refinance.
I sent in all my paperwork to Commonbond and I waited for the loans to transfer. With the holidays approaching in December I wasn't looking forward to my nearly $1,200 payment and 10% interest rate with my previous lender.
In the middle of the month I received a letter in the mail from my previous lender that my entire account had been paid in full. I didn't have a December payment and it was in that moment that I felt a few tears run down my cheek. My loans had transferred.
I'm so thankful I answered that phone call, because now I have a manageable monthly payment I can afford and I have Commonbond to thank for that.