Refinance calculators consolidating loans
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If you’re having a hard time making your monthly student loan payments, consolidating your federal loans into a Federal Direct Consolidation Loan could be a good option for you.
When you consolidate multiple loans into a single loan, you have the option to choose a new repayment term.
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Just remember that consolidating your loans doesn’t lower your interest rate — your new interest rate will be a weighted average of all your previous interest rates.
Underwriting standards have become more stringent over the past few years on cash-out refinancings.