Refinancing Master

We have $ 25,000 for the first time we will use as down payment new home. Currently paying a mortgage on a house is a duplex we live in half. We just did not go home we put in a bid, but would like to buy a new single to live about one year. One of my student loans is approximately $ 33,000 with interest at 6.5%, our current home is $ 140,000 with an interest rate of 6.5%, but I’ve heard that we are the costs of closing, appraisal, etc. payable to refinance. We also have enough money to build up down payment for a new home within one year. Should we still home to refinance, pay off a student loan or save money in the bank collecting interest for the house next year?

I dropped out of high school at 17 and started working in Real Estate. Over the past 3 years I have had many jobs and made up to $33,000 per year at one point. But, once the market began to fall the Administration department (my department) was the first to be downsized. I decided to go back to school full-time to pursue my English degree. Now I’m living back at my Mom’s house. I drive a 10 year old junker, which I paid cash for. But, last year I had to refinance a personal loan into my name (instead of mine and my ex’s name) and had to put my car title up for collateral. Break down…

$7,000 title loan- I pay just as much in interest every month as I do in principle.
$1,200 in department store cards.
$1,200 in credit cards.
No job
Full-time student
living at home

WHAT DO I DO!?

Um DUH! Of course I need to get a job…it’s not like I’m not looking! My question is asking what can I do to avoid paying thousands of dollar in high interest rates and ruining my credit!?

My daughter has been accepted to Colorado State University. We also live in Colorado. I am not in a financial situation to write a huge check for her expenses. I am a single parent and am also trying to refinance our home. I cannot use the parent loan this year. We have figured out all but $6000 of the $17,000 that her first year will cost. Does anyone have any knowledge of scholarships, grants or loans that are unconventional and available? Any advise would be appreciated.

My fiance just hit me with a big one. He has $20, 000 in student loans that he never told me about. I don’t want to start our marriage in debt so I want to get this paid off as soon as possible. I have no clue what to do, but I know being this far in debt is not good. We own a home, and there is 60k equity in the home should we sell and move into something smaller? Refinance?

Debt calculators tell me that if I refinance the term to 30 years, my payment will be over $900/mo. Practicing attorneys, would you suggest I do this, or should I chose a more affordable school. Keep in mind, the average starting salary for this school of choice is $130k/yr, but on the east coast.

So here’s the deal… I’m 21, married, have a 7 month old son, and will be graduating in a year and a half (hopefully with an accounting degree). I’m getting mailed all these “deals” about consolidating my loans. Is there a catch? Are they really good deals? Some of them say to “consolidate by June 1 to lock in low rates.” Are the rates really going to get high enough to seriously consider consolidation? Should I do it while I’m still in school? What about refinancing… is it an option? I’ve reviewed some of the other questions on this topic, so please try to be specific to my particular situation. Thanks

I found a great deal on a house i want to purchase. The house is only $49,000 and probably needs around 10k in work. So worst case scenario is 60k. I can get approved for a rehab loan, but they have too many stipulations. (plans, certified contractors, 1st time classes) and that would at least double my repair cost, since i plan on fixing it myself. I have 10k saved so i need around 40k to purchase the house. After i fix it, i can then get a conventional mortage. So i need to find money for 6 months, then pay it off. Where should i get this extra cash. Can i get a student loan. I have mostly scholarships and currently only have 3k in studen loans and i’m a senior. I can get 15k from my credit card at a low interest. I can refinance my car and take out another 15k in equity from my car. Or i can ask my mom to do a home equity loan on her house and borrow it from her. What’s the best way to do it.
Some more details: I am approved for the rehab loan, but obviously not a conventional mortgage, since it needs work.

I do have a job, and make enough to cover the mortgage, plus i have two friends that will move in with me. I can get a conventional mortgage after i repair the house.

What can I give the International Monetary Fund (the IMF) in exchange to partially forgive & refinance my loans?
Bush was my Financial Aid Advisor

I joined the Navy with a sign-on benefit of $65,000 in student loan repayment. I was told at the time I joined that my Sallie Mae loans would be covered, but now they are telling me that these loans are not covered because they are private. I have about $35,000 in federal loans that are going to be repaid, but I still have a very large amount of private loans. I was initially told that I could simply refinance my private loans as federal loans and they would be repaid by the Navy, but now I know that it is impossible to turn private loans into federal loans. Does anyone know of a way to get my private loans (up to $65,000 minus the amount of federal loans already covered) repaid by the Navy/military?

i recently lost my job, and the deferment period on my student loan is up. i have heard of consolidating the student loan but i can’t find anything that answers the question; ‘can i get cash out of my student loan’. does anyone have any info?

She agreed to assume responsibility for the student loan through the divorce decree. Now she isn’t making payments and it’s destroying my husband’s credit; so badly that we cannot refinance our home (or get credit for anything). We have very little debt, but she has made it apparent she won’t pay. How else can he get out from under this?

Hi,
I unfortunately refinanced a student loan with an ex husband. My loan was approx. $2000 and his was for $97,000. We divorced in 07 and he did agree to pay the student loans in the divorce papers. He has since gotten close to default twice, and says he “just doesn’t want to pay them.” What can I do. He will not help me in any way to refinance my name off of them. He says he basically doesn’t care if its ruining my credit and it’s my problem so I should figure it out.
If I sue him for breach of the divorce contract, it still doesn’t mean he’ll pay. Can I sue the student loan company to take me off?
By the way, he’s an attorney. Yeah! That was sarcastic. Any help totally appreciated.
Thanks,
Amanda
Wow! Thanks for the quick responses. This is what I’ve been told, since they are student loans they can’t be seperated. I’m wondering has anyone successfully got their name of an exes student loan?
And yes, back in time would be awesome, but unlikely.

so im getting ready to graduate and I have massive student loans…what is the best way to pay these off and keep the payments cheap? they are from different lenders so do i consolidate and refinance? are there are payoff grants for medical personnel? any ideas or tips would be much appreciated! 10 points to the most helpful answer!

Between my wife and I we owe about 55k in student loans. When I graduated 4 years ago my student loans were refinanced and consolidated through a bank at a 7% int. rate. The account has been deferred for 4 years now and I have just started to pay this back monthly. My problem is, is that everyone I know has about a 2 or 3% rate w/ their student loans. I contacted my bank and they said that I can’t refinance since I have already consolidated my loans before. Is this true? Or can I re finance through another bank for a lower rate? How does that work? Also, does anyone have any other ideas for loan assistance? I just can’t believe that I have to pay over 50k back with a 7% rate (for school loans) PLEASE HELP!!!!

She agreed to assume responsibility for the student loan through the divorce decree. Now she isn’t making payments and it’s destroying my husband’s credit; so badly that we cannot refinance our home (or get credit for anything). We have very little debt, but she has made it apparent she won’t pay. How else can he get out from under this?