Take Cash Out
For College
Tuition
Take Cash Out For College Tuition
What is the Benefit?
Whether you want to pay off your student loan debt or take out cash to pay for college, a cash-out refinance is a great way to save money and interest.
Many homeowning parents, guardians, and grandparents choose to borrow funds against the equity of their property to pay for their children’s tuition. This allows guardians to give their child/children the gift of education and help prevent their child/children from a large financial burden upon graduating.
Here’s the breakdown on benefits of taking advantage of a cash-out refinance to fund you or your child’s education versus getting financing elsewhere:
Traditional Loan
High Interest Rates: interest rates for student loans and personal loans typically have higher interest rates than a mortgage
High Monthly Payment: student or personal loans have shorter repayment periods than most mortgages making the monthly payment for a student or personal loan higher
What Will My Monthly Payment Be?
No Credit Check
No Application
No Obligation
Cash-Out Refinance
Borrow funds against the equity of their home for their children’s tuition so that when their child graduate(s) they do not have the large financial burden when starting out in their career
Lower Interest Rates: interest rates for student loans are typically higher than mortgage rates and can possibly save you thousands over the life of the loan
Lower Monthly Payment: with a mortgage, you can extend the repayment period of your loan up to 30 years, meaning a lower monthly payment for you
Simplify Your Finances: the funds your student loans will be consolidated into your mortgage so you will have less payments to keep track of
What Will My Monthly Payment Be?
No Application
No Credit Check
No Obligation
No Credit Check
No Application
No Obligation
Start Today, Close Your Loan in 10 Days
See how simple it is. Get a quote in minutes, loan estimate in 2 hours, and close in about 10 days!