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Lou Salvino President

Lou Salvino

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Back to School Lessons on Student Loans

10/1/2012



Thousands of students are back to school now, many of them struggling with the financial responsibility of tuition fees for the first time. If you not only remember those days, but are, in fact, still struggling to pay off your student loan from years past, you may want to find out if your mortgage broker can help.

Becoming a homeowner consists of many more financial obligations than just a mortgage. Taxes, home maintenance and the costs of running a household create immediate repsonsibilities that you may find take precedence over your old student loan. You do, however, need to pay off that student loan at some point, and that's where, if you have enough equity in your home, you may want to consider taking care of your student loan by incorporating it into your existing mortgage.

Wiping your student loan clean will feel good, and - because it would be considered "paid" by the lender and would therefore show as one less loan on your record - could have a positive impact on your credit score too!

Do you have questions about your existing loans, or on any new loans you may be considering? please call for a no-obligation discussion today!

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