Exactly How Refinancing Your Home Loan Will Pay Off Your Education Loan

A brand new home-loan refinance program permits borrowers to swap student education loans for home loan financial obligation at today’s low interest. However the move could carry risks for a few borrowers.

The refinance that is cash-out — called the scholar Loan Payoff ReFi — is made available from the nonbank lender SoFi and supported by the government-controlled mortgage giant Fannie Mae. (more…)