Trade college loans for mortgage debt

“A new home-loan refinance program allows
borrowers to swap student loans for mortgage
debt at today’s low interest rates,” said Ann
Carrns in The New York Times. The program,
called the Student Loan Payoff ReFi, is offered
by nonbank lender SoFi and mortgage giant
Fannie Mae. It allows homeowners who have
student loans, or home-owning parents who
cosigned student loans with their children, to
refinance their mortgage and take out additional
home equity as cash to pay off student
debt. “The borrower is left with a new, larger
mortgage, but at a lower interest rate.” However,
borrowers with federal student loans
will lose protections like the option to defer
payments and the repayment programs that tie
monthly payments to income.

WHY BANKERS ARE MORE LIKELY TO CHEAT

HOW THEY SEE US: EXPORTING BLACK FRIDAY TO THE U.K.

A GUIDE TO CHARITABLE DONATION

USING REWARDS CARDS RESPONSIBLY

LIFE INSURANCE MISTAKES TO AVOID

ZOMBIE BILLS CAN RUIN YOUR CREDIT

IS THE STUDENT DEBT CRISIS REAL?

THE 'NEW MATH' OF CAR LEASES

RETHINKING ROTH IRAS

IS COLLEGE CHOICE IMPORTANT?

WHY WOMAN DON'T ASK FOR RAISES

WHEN SALARIES ARE NO LONGER SECRET

APPLE AND SAMSUNG DUKE IT OUT

BOFA SETTLES MORTGAGE CLAIMS FOR $9.3B

YELLEN CONFIRMS CONTINUED LOW RATES

FBI TARGETS HIGH-FREQUENCY TRADING

EBAY PLANS TO SPIN OFF PAYPAL

CATCHING COUNTERFEIT GOODS ONLINE

AVOID COMMON INVESTMENT ERRORS

HOW TO PROTECT YOUR CREDIT CARDS

BUDGETING ANDMANAGING DAILY EXPENSES

PERSONAL FINANCE BASICS

10 WAYS TO SPRINGCLEAN YOUR FINANCES

BEST CREDIT CARDS

GET YOUR FREE GUIDE TO TAX-FREE MUNICIPAL BONDS

SOCIAL SECURITY'S MAGIC NUMBER

TAKE THE GUESSWORK OUT OF INVESTING

GET A HEALTH PLAN CHECKUP 

DRIVE DOWN YOUR CAR COSTS

10 FINANCIAL HEAVYWEIGHT

WORK NOW ON YOUR FINANCIAL GOALS

25 THINGS RICH PEOPLE WON’T TELL YOU

TOP SECRETS TO A RICHER RETIREMENT

FEDERAL AID FOR COMMUNITY COLLEGE

SAVING ON BACK TO SCHOOL PURCHASES

THE RISKS OF MEDICAL CREDIT CARDS

ARE TAX INVERSIONS UNPARTRIOTIC?

WE’VE FOUND THAT INTEGRITY