student loans & home mortgage refinancing

oldfort
Thu, 30 Jul 2015 11:22:10 +0000

It took me over 4 months to refinance my mortgage. They kept on asking for more and more documents, it was never ending. I was so tired of explaining everything (they were all legit) that I told them I didn’t do it any more.

Yes, I would refinance first then get other credits later. It’s much easier to get a student loan or credit card. The reason being they are not under scrutiny by the regulators. Their interest rates are also a lot higher. Losses could often be covered by those excess spreads.