Since different private lenders take slightly different criteria into consideration while determining interest rates, private student loan refinancing requires more effort and research (as opposed to federal loan consolidation).
7 % to 15 % is the common rate
among different private lenders who will also charge legal, home appraisal and administrative fees to avoid losses if you default on payments.
After dealing with three
different private lenders who failed to perform for my Buyers on their new home purchase, Sacha saved the deal — and delivered exactly what he promised, when promised.
Different private lenders have different loan criteria.
If you have a private loan or loans, you can also refinance or consolidate those with a new and
different private lender.
To give you an idea of what your interest rate may be on a private loan we looked at 7
different private lenders to see what they were charging.
Also, you can consolidate Sallie Mae student loans together via
a different private lender.