28 May Re: My personal education loan refi sense (SoFi, Serious, CommonBond)
Ultimately, I went with SoFi, exactly who on time passed myself off to a good servicer, and that i never ever interacted with SoFi again (and make me personally ponder if your ditto might have happened with DRB), and that i paid back the borrowed funds just a few weeks in the past
I'm to invest in property next year, so thinking meticulously in the DTI (and you will considering the straight down price. ), I decided to go for the fresh seven 12 months. I won't carry it mortgage in order to name. I plan to re-refi with SoFi next season to get the $five hundred, and then perhaps do so once again with Earnest because of their $five hundred in advance of in the end paying off the mortgage.
I had to help you current email address CommonBond service to evolve my personal app away from 5 so you're able to seven seasons, however, which had been simple and fast, also across the weekend. We submitted 2 spend stubs and you will benefits data files effortlessly. Must current email address him or her payment addresses. And requested him or her on including good cosigner to lessen the rate, but In my opinion simply SoFi really does you to.
In my opinion I had equivalent borrowing from the bank to you (not quite as a great) and you can pretty good income/cost proportion
Thus, that's where I'm today. I will posting since things advances. We hope it will help get the keyword away one to even a good Boglehead which rather LBYMs isn’t secured a decreased education loan refi rates.
2 yrs in the past once i performed this, I managed to get within throughout the 0.5% of the advertised lowest costs. At that time, simply DRB and you may SoFi was basically offering this service to people from inside the my personal area/away from my colleges.