Consolidating student loan into mortgage
Lenders will typically make a decision in a matter of minutes.
Applicants who are denied on their own can reapply with a cosigner.
Borrowers should look for lenders that do not assess prepayment penalties.
Lenders who charge for their services should be scrutinized closely.
Borrowers who seek out private lenders to refinance or consolidate their student loan debt will get a brand new loan with a new interest rate dependent on creditworthiness.While not a guarantee of the actual rate you will receive, the rate quote is a good indicator of the interest rate you can expect to receive if you decide to apply with the lender.If a borrower decides to go ahead and apply with a specific lender, an online application can be completed and a hard credit check will be run.Lenders offering student loan refinance and/or consolidation programs typically don’t charge any application or origination fees for their loans.There should be no hidden fees associated with obtaining the loan.