Hi,
I currently have about $250,000 in debt with FedLoans. I decided on a job that isn’t eligible for PSLF so I’m refinancing. Currently, the best rate I’ve been offered is from a credit union through Lend Key (2.21% on 5 yr variable) but the max is $170,000. Next best is 2.63% from College Ave thru Credible on $250,000. I’m waiting to hear from Earnest but their stated range is 2.34-3.76% so Lend Key would still win. Should I refinance $170,000 of the debt with Lend Key and then refinance the rest with another company? Common sense says “yes” but I’m wondering if that is allowed. Or if it might be more trouble than its worth down the line. This is all new to me so appreciate any insight!
Thanks,
Jennifer
I currently have about $250,000 in debt with FedLoans. I decided on a job that isn’t eligible for PSLF so I’m refinancing. Currently, the best rate I’ve been offered is from a credit union through Lend Key (2.21% on 5 yr variable) but the max is $170,000. Next best is 2.63% from College Ave thru Credible on $250,000. I’m waiting to hear from Earnest but their stated range is 2.34-3.76% so Lend Key would still win. Should I refinance $170,000 of the debt with Lend Key and then refinance the rest with another company? Common sense says “yes” but I’m wondering if that is allowed. Or if it might be more trouble than its worth down the line. This is all new to me so appreciate any insight!
Thanks,
Jennifer
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