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Using A HELOC To Pay Off Your Student Loans
When it comes to paying for college, some parents look for alternatives like using a HELOC or home equity loan instead of student loans.
Your home’s equity can be used not only for home improvements but also for paying for college, or even paying off old student loans.
When it comes to using your home’s equity, Helen Huang, Senior Director of Product Marketing for SoFi’s mortgage products, says there are plenty of benefits, “Equity is a tool for improving your financial position. Use it to pay off higher interest credit cards or student debt, or to make high-value improvements to your…
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