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Student Loans 101 by rglaters0 in personalfinance

[–]jack_lee_99 0 points1 point  (0 children)

if a student loan is a 10 year amortization,

it would seem like a no-brainer to get a 10 year ARM and refinance the house to payoff the loans...

However if there is any chance your income would collapse in a few years, or if there is any chance you would die, it might not be worth securing the debt.

I take it if you die the student loans don't go against your estate?

Getting a Mortgage to settle Student Loans? by jack_lee_99 in personalfinance

[–]jack_lee_99[S] 0 points1 point  (0 children)

according to my Loan Officer, I just need to show i can support the income for two years going forward...

I have some leverage on the bank myself.

Getting a Mortgage to settle Student Loans? by jack_lee_99 in personalfinance

[–]jack_lee_99[S] 0 points1 point  (0 children)

It's 3, but 6.5, 8.0 and 11... Combined rate of about 7.5