While debt consolidation isn't the best option for everyone, if you're interested in understanding whether or not you might
qualify for a lowered interest rate then you'll want to address a few questions.
Not exact matches
If you're spending beyond your means, or have a lot of high -
interest debt,
then there is a chance of less likely to
qualify for the
lowest rates on a mortgage.
If an applicant is highly
qualified for a
lower interest rate than federal loan offers,
then Sallie Mae could be a good choice to review
for students who need to cover the overall cost of attendance, especially if all federal aid options have been exhausted.
If you have a high credit score,
then you will likely
qualify for a relatively
low interest rate.
Credit card companies always put payments towards the
lowest interest rate first so if you charge something that doesn't
qualify for 0 %
then it will collect
interest until you've paid off the entire 0 % balance which will likely take a while and cost you a lot of money.
If you
qualify for a balance transfer card with a
lower interest rate than your current card,
then transferring your balance could be a good idea.
Low LTV If you owe more than 80 percent of your home's value,
then you may be too high to
qualify for a loan refi — or at least at a good
interest rate.