Which of the following is not a good reason to refinance a student loan?
A. You want to combine loans
B. You can get a lower interest rate
C. You want to lower your payments by extending the loan term
D. You are about to move to a new house

Question

08-11-2021
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Which of the following is not a good reason to refinance a student loan?
A. You want to combine loans
B. You can get a lower interest rate
C. You want to lower your payments by extending the loan term
D. You are about to move to a new house

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jade4466 jade4466 · Answer 1 · 2021-11-08T02:05:31+01:00

jade4466 jade4466

08-11-2021

Can Lower interest rates

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Tundexi Tundexi · Answer 2 · 2022-01-25T12:10:18+01:00

The purpose of getting a lower interest rate and moving to a new house is not a good reason to refinance a student loan.

A refinance refers to the process of replacing a terms of an active credit agreement such as mortgagee or student loan.

The option of refinancing a student loan are good when you want to combine loans and to lower your payments by extending the loan term.

Hence, the purpose of getting a lower interest rate is not a good reason to refinance a student loan.

Therefore, the Option B is correct.

Which of the following is not a good reason to refinance a student loan? A. You want to combine loans B. You can get a lower interest rate C. You want to lower your payments by extending the loan term D. You are about to move to a new house

Respuesta :

Otras preguntas

Which of the following is not a good reason to refinance a student loan?
A. You want to combine loans
B. You can get a lower interest rate
C. You want to lower your payments by extending the loan term
D. You are about to move to a new house