All Forum Posts by: Nicholas Guy

Doing the amortization math, it looks like it would really only save me $8,000 on the life of the loan. Maybe not really worth it. 

Thanks @Michael Plaks I thought that was close to what I read. So by doing this REFI to be able to write off my student loan wouldn't work in either situation.

Currently I have 110k in student loans at 4.875

I also have mortgage loan at 4.375

My new rate after doing Refi with cash out would be 3.75 with $500 out of pocket.

Would it still be worth it?

Hi BP, Im relatively new to your community and trying to soak it all in . I had an idea to refi my house to payoff student loan debt. This would give me a lower interest rate on both and allow me to write off the interest. I cannot write off my student loan debt currently. I was just reading an article on BP that stated the new tax reform would not let me write off the Refi interest. CAn anyone tell me if this is true and if so to what extent? TIA