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. …

Student Loan Refinancing for Government Employees

Michael Lux Refinance, Student Loan Blog 0 Comments

Government employees considering student loan refinancing need to be especially careful. The allure of lower monthly payments and a better interest rate can be tempting. However, borrowers should understand that while there are circumstances where a refinance might make sense, a mistake refinancing can be financially catastrophic. A Private Lender …