Sentences with phrase «loan payoff refi»
It expanded its product offering in lending with the introduction of a first - of - its - kind Student Loan Payoff Refi for home mortgages and student loans in partnership with Fannie Mae.
https://www.sofi.com/
The online personal finance company Social Finance, Inc., which is often referred to as SoFi, just introduced a unique product called the Student Loan Payoff Refi.
The Student Loan Payoff Refi is available in the 27 states where SoFi has a mortgage license and this option is exclusive to SoFi for the time being.
By using the Student Loan Payoff Refi, borrowers end up paying less because it is less expensive than a cash - out refinance and gives borrowers a lower rate on their student loans.
The Student Loan Payoff ReFi stands out because it gives borrowers the option to get lower rates on outstanding student loans.
In addition to student loan offering student loan refinancing, SoFi offers the Student Loan Payoff Refi, letting borrowers refinance their home mortgage and then use up to 80 percent of the equity to pay down outstanding student loan debt.
Back in November of 2016, SoFi announced a cash - out refinance program, dubbed the Student Loan Payoff Refi, that targeted student debtors who were eligible to refinance a mortgage.
A student loan payoff refi can reduce your monthly payments when you lengthen the loan term.
It's called a student loan payoff refi, and it could benefit millions of homeowners who also carry student debt.
You still need to pay back the same amount of money, but a student loan payoff refi allows you to do so in a way that may be more manageable for you.
A student loan payoff refi is a completely new product exclusive to SoFi for now.
Here's what you need to know before trying a student loan payoff refi for yourself.