This cash-out refinance offers simpler eligibility terms and reduced fees designed to provide additional options for borrowers with student debts.
Many students graduating from American colleges graduate with student loan debt. We now offer a cost-effective solution to enable homeowner’s with existing student debt to use home equity to pay off student loan debt.
The Student Loan Cash-Out Refinance offers simpler eligibility terms and reduced fees designed to provide additional options for borrowers with student debt.
- Refinance to pay off one or more student loans
- Potentially convert higher interest rate student debt to a lower interest rate and reduce monthly debt payments
- When at least one student loan is paid off directly to the student loan servicer, we will waive the loan-level price adjustment
- Limited cash back to borrower allowed: lesser of 2% of the loan amount or $2k (over and above student loan payoff)