Why Do Most Parents and Students Choose Refinancing?
If you've ever shopped for a mortgage, you know that there are tons of different types to choose from. Some lenders offer variable rates, some offer fixed-rate mortgages with no closing costs, while others might let you make bi-weekly payments or use an interest-only loan to pay off your balance faster than usual. The list goes on and that's what makes refinancing so exciting!
But if you're wondering why most parents and students choose refinancing private student loans: it's because it gives them more control over their finances and options when the time comes to pay back their debt.
Lower your payments.
If you have a student loan and want to lower your payments or pay off your loan faster, refinancing is an option.
When a lender refinances or consolidates your loans it means they ta...