Refinancing student loans makes sense; however, calculating loan payoffs and determining how much interest rate savings are requires understanding how student loans work. Interest rates change based upon the market rate and vary for different types of loans, ballooning due dates, etc. Today we’re going to take a look at how student loans work.
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Refinance Student Loans Calculator
How to Refinance Student Loans
So you have been offered a great deal on a student loan at a lower interest rate and want to refinance it. What should you do? In this video we discuss how to go about refinancing your student loans if you decide to take advantage of this option.
Here are the topics covered in this video:
01 – Why Refinance Your Student Loan
02 – Calculate How Much You Can Lower Your Payments
03 – Find Out If You Qualify To Refinance
04 – Determine Whether You Are Eligible For A Federal Or Private Loan
05 – Determine Whether You’ll Be Able To Borrow More Than One Loan
06 – Get An Estimate On Your New Payment And Understand All Of Your Options
07 – Decide Whether You Should Do It Right Away
08 – Learn About Closing Costs And Other Fees Related To A Refinance
09 – Know What Documents You Will Need Before You Begin
10 – Find A Great Lender That Will Work With You And Also Give You A Refinance Quotation
Refinance Student Loans Calculator
In today’s video, I talk about how lending club helps those who don’t have a lot of money. Why I love my loan officer, what I need to pay attention to now and how I make the best use out of my time online!
If you want to know more about starting a small business or growing an existing one, check out my blog at www.growingandplanning.com
**VIDEO TRANSCRIPTION :
This video was written and produced by Cameron Harris.
Cameron is a member of the American Society of Lenders (ASI). Pertaining to real estate financing, loans, and credit, news, education, networking opportunities, and events, ASI provides members with many tools and services to assist with each stage of their real estate investing career.
Refinance Student Loans Calculator
Refinance Student Loan Calculator
I have created a refinance student loan calculator where I walk you step-by-step through the entire refinancing process. My goal is to provide accurate information about refinancing student loans and help you make educated decisions about your choices.
Helpful Links:
Get Help From Debt Consolidation Services: (click)
How Much Should You Borrow?: www.studentloansrescuesuccess.com/resources/should-you-borrow-mothan-you-can-afford/
Refinance Student Loans Calculator
Amount Financed: $0
Purpose of Loan: College EducationExpenses
Total Amount Financed: $0.00
Term of Loan (Months): 240
Guarantor Types: SelfEmployed Individual
Co-Signer Needed: No
Why LendingTree? ————————————–
If you want to learn best practices in financing education, apply now for college funding. Our mentors guide you through the student loan application process. If you have questions about financing education or would prefer to apply using paper applications, send us your contact information to the email listed below.
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Related Links ▼
- Studentaid.gov/understand-aid/types/loans
- Salliemae.com/student-loans/
- Discover.com/student-loans/
- Nerdwallet.com/best/loans/student-loans/private-student-loans
- Money.usnews.com/loans/personal-loans/personal-loans-for-students
- Credible.com/blog/student-loans/personal-loans-for-students/
- Govloans.gov/categories/education-loans/
- Forbes.com/advisor/student-loans/best-private-student-loans/
- Navyfederal.org/loans-cards/student-loans.html
- Wellsfargo.com/goals-going-to-college/loan-options/
- Whitehouse.gov/briefing-room/statements-releases/2022/08/24/fact-sheet-president-biden-announces-student-loan-relief-for-borrowers-who-need-it-most/
- Ed.gov/category/keyword/federal-student-loans
- Myfedloan.org/
- Navient.com/
- Usa.gov/student-loans