Low interest rates are one very good reason you should consider refinancing your student loan. Another is: an improvement in your credit profile that has occurred since you graduated.
Essentially, you take out a new education loan with better terms and use it to pay off existing student debt. Maybe it’s time.
Home equity loans can be used to refinance your student loan at a lower interest rate—but be careful. When you do this, it could lead to problems down the road:
It’s important that you have a clear understanding of the risks and benefits to using a home equity loan to pay off your student loans at a lower interest rate. When it comes to student loan financing, Golden Oak Lending is here to consult with you to make the best decision for you.
Contact us today and see how our rates can save you money!