Is Swapping Student Loan Debt For Mortgage Loan A Good Idea?
The Federal National Mortgage Association (Fannie Mae) is the largest backer of mortgage credit in our nation. Recently, Fannie set new rules and guidelines that would let homeowners refinance their mortgages to pay off student loans. The new guidelines expand a program that was introduced last year with a personal finance company called Social Finance commonly known as SoFi. Fannie Mae said the resulting policy will be easier for borrowers to apply, and may result in a lower