Re: My personal student loan refi sense (SoFi, Serious, CommonBond)
Thanks for revealing. I am within the an identical situation (high borrowing, dominating is below $28k, an effective income) and you may as you wasn’t acquiring the finest advertised pricing and you may in many cases was not most close. 25% more than their utmost reported rate.
At this point in time I am going to hold off to your refinancing until next Spring. I’m able to continue and come up with twice costs back at my mortgage before this.
Re: My student loan refi sense (SoFi, Earnest, CommonBond)
5%), and you may apparently lowest mortgage dominating ($twenty seven.5k), I did not have the reasonable price reported in the 3 lenders. Not personal, indeed.
I started my search at WCI because, frankly, Jim is the best at keeping us updated on the student loan refi climate. From his May 13th blog post about 3 reviews of Credible, we have the following players and bonuses:
CommonBond – $300
LendKey – $300
Credible – $100
Earnest – $300
SoFi – $200
LinkCapital – $100
DRB – $300
First Republic Bank – $200
I knocked out Credible because I don’t like aggregators of financial information on principle. LinkCapital has a relatively low bonus and relatively high minimum rates. First Republic does not lend in my area. I don’t like the poor online presence of DRB, and reviews of LendKey turned me off. So, after some googling and creative URL guessing to find higher bonuses, I landed on this priority, all offering 5-year variable rates around 2.14%:
SoFi – $500
Earnest – $500
CommonBond – $300 (WCI has the best bonus here)
then, if none of those offer good rates,
DRB – $500
LendKey – $250