Refinancing mortgage loan debt consolidating
Again, it’s possible to stretch out your repayment over future years—every time you refinance, you start the repayment process over—but that can cost you over the long term.To see how this works, get familiar with loan amortization, which is the process of paying down loans.
If you have private student loans: It’s always worth shopping around to see if you can get a better deal.
If your student loans need a tune-up, there are several ways to simplify life and reduce your expenses.
Two common options are debt consolidation and refinancing.
The idea is the agency will negotiate with creditors to make payments more affordable.
You only make one payment, but the payment goes to the agency, which then pays off your multiple loans for you.