I'm a 3rd year resident in a 4 year program. High 200k debt. I applied to DRB about one ago but was denied citing poor income:debt ratio. I'm married wife makes 60k and has about 30k in student loans.
I'm interested in refinancing my loans, however I'm worried that I'm just going denied again because of my continued poor income:debt ratio. My credit score is in the high 700s. Compared to when I applied last year, there are many more companies offering student loan refinancing (Lend Key, Common Bond, SoFi, LinkCapital, DRB, Credible).
- Is it worth reapplying, or am I just going to get denied again because my income:debt ratio hasn't improved?
- How do I get the best interest rate? I'm assuming applying to a couple different companies would be advised but how many - three? five?
- Do you have any recommendations which companies I should try first? Should I try DRB again?
- Does adding my wife (who has a good credit score) as a cosigner improve my interest rate?
Thanks everyone
I'm interested in refinancing my loans, however I'm worried that I'm just going denied again because of my continued poor income:debt ratio. My credit score is in the high 700s. Compared to when I applied last year, there are many more companies offering student loan refinancing (Lend Key, Common Bond, SoFi, LinkCapital, DRB, Credible).
- Is it worth reapplying, or am I just going to get denied again because my income:debt ratio hasn't improved?
- How do I get the best interest rate? I'm assuming applying to a couple different companies would be advised but how many - three? five?
- Do you have any recommendations which companies I should try first? Should I try DRB again?
- Does adding my wife (who has a good credit score) as a cosigner improve my interest rate?
Thanks everyone
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