Payoff Student Loans with Home Equity and Save Thousands of Dollars

Families with student loan debt have an average debt load of about $35,000 depending on their student loan program. The finance company SoFi and Fannie Mae have teamed up for a program that makes it easier for the 8.5 Million families who own a home and have student loan debt to a wipe out their student debt altogether, reveals Jonathan Lawless, VP for Underwriting, Pricing, and Capital Markets for Fannie Mae.
The new program pays off student loan with a home loan that is typically going to be at a much lower interest rate than a student loan would be.

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