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Updated over 6 years ago,
Anyone do a cash out refi for a student loan?
Just wondering if anyone’s done a cash out refi of their primary residence to pay off a student loan? I know a HELOC for this reason isnt a good idea but what about a refi?
Current student loan is at $102K at 7.9%
Im looking to take out only the amount owed at 4.09% (5/1 30-year ARM) because we plan to sell in 2 yrs anyhow. We do have enough equity.
Any have experience doing this? Any regrets?