Tag Archives: mortgage

If I pay off my student loans and I write this off my taxes?

I have 17k in student loans i made 20k after graduating if i pay off my loans can i write this off? Chosen Answer: You can never write of the principal of a loan regardless of what kind it is. … Read More

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If I have already consolidated my student loans, is there still a way to “refinance” for a lower rate?

I currently have a 7.625 rate on my consolidated student loans. Is there a refinancing process for student loans the same way there is for, say, a mortgage? Chosen Answer: The regulations for the refinancing of Federal student loans are … Read More

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Mr. President will you consider providing bailout funds for college graduates who owe student loans?

The Administration has supported bank bailouts, mortgage bailouts, and credit card bailouts. Student loans are contributing to the financial crisis that many Americans are experiencing during this economic downfall. We could definitely benefit from bailout assistance as well. Chosen Answer: … Read More

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Do the recent interest rate cuts affect my student loans at all?

Will my interest on my federal student loans be lower now? Chosen Answer: Probably not because they are already set to a rate far below market prices by the government today. Changes in mortgage interest rates are independent of student … Read More

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We are about to buy a house, but my husband wants to consolidate his student loans. Should we wait?

We have been pre-approved to buy the house, have an accepted offer and are almost ready to go. However, my husband also wants to consolidate his student loans. Should we wait until after we close on the house to consolidate … Read More

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For student loans, why don’t they have a set payment like a mortgage?

I keep reading about student loans where the payment increases because they have compounding interest. Why aren’t they set up like a mortgage where there is one monthly payment that never increases? I am far beyond college and never had … Read More

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Is it possible to roll $27K in student loans into a new mortgage loan?

I plan on buying a house or a condo in the next couple of weeks. Can I roll my student loans of ,000 into a new mortgage loan to consolidate? Chosen Answer: Depends on how much money you plan on … Read More

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Can the first time home buyers tax credit be offset to pay student loans?

My 2008 federal return was offset to pay off student loans..i then purchased a home and filed a 1040X ammended return to obtain the first time home buyers tax credit. Can this be offset as well? Chosen Answer: if you … Read More

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Why don’t student loans get as much federal forgiveness as mortgage owners?

Why is President Bush allowing people in over their heads financially to keep homes they can’t afford, when millions of people in the United States have student loans overbalanced by aggressive and unfair acceleration and interest bearing properties? Despite recessions … Read More

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