I have 80k for private student loans with a variable interest rate, I should try to obtain a fixed interest rate, as rates are low?
May 15, 2010 by admin
Filed under Student loans
With the Fed rate cut as much as I should now look to try to get a fixed interest rate, perhaps a little higher than my interest rate variable power (5-25%) or remain with variable interest rate? Was I in a hurry to pay the principle, or take it easy as it goes? I am 24 years old and works in a financial services company in the IT sector. Thank you
It is now a good time to refi. The prices are not likely to stay low for long and they will not come back for a while when they rise. The disadvantage is that you pay a higher rate for some time. The advantage is that you can avoid potentially very high in the Zukunft.Ich REFI and say no hurry to pay, they are. It would be better to move the extra money in the long-term investment like an IRA or 401K. Why? Your student loans are probably the cheapest loan you’ll ever get. Building investment for the future.