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Just How Refinancing Your Home Loan Will Pay Off Your Student Loan

Just How Refinancing Your Home Loan Will Pay Off Your Student Loan

A home-loan that is new system enables borrowers to swap student education loans for home loan debt at today’s low interest. However the move could carry dangers for some borrowers.

The cash-out refinance program — called the Student Loan Payoff ReFi — is made available from the nonbank loan provider SoFi and supported by the government-controlled mortgage giant Fannie Mae.