refinance mortgage pay off student loans

Using a Cash-Out Mortgage Refinance to Pay Down Student Loans

Michael Lux Strategy, Student Loan Blog 0 Comments

With mortgage rates near record lows, many student loan borrowers are thinking about using a mortgage refinance to attack their student debt. The process is called a “cash-out” mortgage. Instead of refinancing the amount currently owed on a house, in a cash-out refinance, homeowners borrower more than what they owe. …