Has anyone at home to pay off loans to college students use the stock? Someone told me that this is the best and fastest way to eliminate debt, but I’d rather listen to the views of others.
In my opinion, if you do not do it would be better than this. First, housing prices continue to fall (do not know if you are a) in many areas. In addition, you pay interest on student loans is generally tax deductible, and your interest rate is about the same, you can expect in the home equity loans.
In addition, you know your bank’s home equity fees charged to close?
If you are looking for lower monthly payments, and then try to talk to your student loans for lenders. In general, they agree to extend your loan – Modify your loan – no additional cost. This will lower your monthly payments, but would mean paying more interest on the life of the loan (assuming you do not pay off early).
Otherwise, your current plan is to borrow from Peter to pay Paul. You still have to pay Peter.
Tags: College Loans, home equity, pay