The pandemic has brought about plenty of challenges, but if you know where to look, there are sneaky benefits that you can take advantage of. Like lower interest rates on loans. This is something that could be hugely beneficial to those who are struggling with lockdown blues. Refinancing is one way to give your finances a boost. In a nutshell, this means taking out a new loan to repay the old one, or, replacing a current loan with another one under different terms. In … [Read more...]
How to Refinance Private and Federal Loans: The Basics
If you're interested in consolidating your loans but aren't sure what you can combine, a few that can be combined include supplemental loans for students, Perkins loans, state and private loans, federal loans, and Stafford loans. For a full list, visit elfi.com. If you're considering consolidating your loans, do note that you can only replace your various loans with a private loan, including government loans, as we've just mentioned. You can't combine a combination of private loans and … [Read more...]
