Sentences with phrase «by refinancing the loan instead»

If you have strong credit, you may be eligible for a lower interest rate by refinancing your loans instead.

If you can't get a co-signer release, you may be able to free your co-signer by refinancing the loan instead.

Not exact matches

Even if a personal loan rate is lower than your current student loan rate, you might save even more by refinancing with new private student loans, instead.

You can estimate how much you'll save by refinancing private loans, calculate whether you'd be better off throwing every extra penny at your debt or investing it instead, and figure out how much interest you'll rack up if you put your loans in forbearance.

Refinancing can extend the loan by using smaller monthly payments over a longer time, and it can allow for a lower fixed interest rate instead of multiple variable interest rates on multiple loans.

Even if a personal loan rate is lower than your current student loan rate, you might save even more by refinancing with new private student loans, instead.

If you decide that a refinancing is not worth the costs, ask your lender whether you may be able to obtain all or some of the new terms you want by agreeing to a modification of your existing loan instead of a refinancing.

Instead, they refinanced to another 30 - year loan and spent the extra savings by financing a new motorcycle and flooring.

If you don't want to refinance but have the extra money each month to increase the payment, then you can pay off the loan in 15 years instead of 30 by making the extra payments.

By resisting the urge to extend your loan term, you can instead refinance to reduce the term and to get a lower interest rate, which could significantly reduce the amount of interest you pay over the life of the loan.