Новости за 01.02.2024

If you’re struggling to make your payments or just want to save some money, refinancing your student loans can help. Swapping your debt for a lower interest rate and/or a longer term length can help you save a lot of money over time or shrink your payments.  There are many factors to consider in making […]

You’re not alone if you’re looking to refinance your student loans. Thousands of people swap out their old student loans for new ones to save money with a different interest rate or term length each year.  But what is the cost of refinancing student loans? If you refinance some loans, such as a mortgage, you […]

Refinancing involves replacing an existing student loan (or multiple loans) with a new one from a different lender. You might refinance to lower your interest rate or get a longer term to make your monthly payments easier to manage.  While refinancing could help you keep more money in your pocket in the short term, it’s […]

A 529 plan is an account that allows you to save for college expenses while minimizing your tax burden. Parents or grandparents often open accounts for minors to help prepare for education expenses. You open an account on behalf of any eligible beneficiary, including yourself.  You contribute post-tax dollars, which means you pay income tax […]

In addition to checking and savings accounts, some credit unions offer student loan refinancing to eligible borrowers. Refinancing student loans through a credit union could potentially save money if you’re able to lock in lower rates or avoid certain loan fees.  Credit unions don’t operate primarily for profits; instead, they aim to serve the needs […]

The debt-to-income ratio (DTI) is an important indicator of your ability to pay your financial obligations. It’s calculated by dividing your monthly debt payments by your gross monthly income. A high DTI signifies you may be more at risk of missing payments. Student loan refinancing can help you simplify your loan repayment plan and possibly […]

Consolidating private student loans can have several benefits, such as combining multiple payments into one and securing a lower interest rate. Depending on your credit history, consolidating private loans can simplify your payments and save you money. Remember that a federal Direct Consolidation Loan differs from a private student loan consolidation. We’ll help you understand […]

Refinancing student loans can help you secure a lower interest rate and better repayment terms. But to take advantage of the perks of refinancing, finding the best lender is essential. Different lenders have different rates, fees, and term lengths.  Banks are often an excellent option for refinancing student loans, especially because you can often take […]

When you take out a home equity line of credit (HELOC) in Utah, you can use the equity in your home to finance renovation projects, major purchases, debt consolidation, and more.  You put your home up as collateral. But in exchange, you usually qualify for lower rates than you would with a credit card or […]