Fannie expands student debt mortgage swap program · PERT Florida Real Estate School

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Last week Fannie Mae announced an expansion of its student loan refinance program and shed light on new policies designed to help borrowers with student debt become qualified for mortgage loans. "We understand the significant role that a monthly student loan payment plays in a potential home buyer’s consideration to take on a mortgage, and [.]

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The Fannie Mae student loan mortgage swap is certainly an innovative way to cut down on your student loan debt via equity in your home. The pros of this kind of financial product are that, if cash-out refinance rates are lower than student loan rates, then you can stand to save money every month.

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