RESEARCH REFINANCING OFFERS Mayotte recommends calling your current lender and seeing the best deal it can offer — it likely doesn’t want to lose you from its portfolio. Next, check out what other offers you can pre- qualify for. Compare all options to see which will make your goal easiest to achieve, within your budget. If you want to lower your payment, consider how much more you’ll pay in interest. Or if you’re in a rush to pay off loans, make sure you can manage the higher monthly payment.
The article Would Student Loan Refinancing Pay Off for You was written by NerdWallet and originally published by The Associated Press.
SEAN PYLES is a debt writer at NerdWallet whose work has appeared in The New York Times , USA Today and elsewhere.
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