Student Loans

How Often Can You Refinance Student Loans – Student Loan Refinance Companies 2020

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How Often Can You Refinance Student Loans – Highest Rated?

Earnest: https://trufinancials.com/earnest ($100 Bonus for refinancing)
SoFi: https://trufinancials.com/sofiloan ($300 Bonus for refinancing)
Splash Financial: https://trufinancials.com/splashfinancial
Commonbond: https://trufinancials.com/commonbond
LendKey: https://trufinancials.com/lendkey

Check your credit score for free with Credit Karma: https://trufinancials.com/creditkarma

Refinancing is a good idea for students who want to save more or on a budget. Typically, this is because it reduces the financial burden. When you refinance, it means that the new lender will be paying off the old loan as well as lowering your interest rate. Just from getting a lower interest, you could save up much more money in the long run.

Knowing who to refinance with is important as well. You have to make background checks on lenders before finally settling with the one you desire to work with. Other than finding a lender that caters to your needs, you should make sure they are credible and have a good reputation.

Refinancing is definitely a good thing for the people who need it. It can save you money each month and over the course of the loan. Just make sure you are aware of your credit history and paying your bills on time. For some people, they may want to refinance but don’t meet the criteria, such as having a low debt to income ratio or an unstable job. These things can be improved over time and allow you to consider refinancing.

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My recommended resources👇
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💰 M1 FINANCE – Invest in Fractional Shares like Tesla for Free
https://trufinancials.com/M1Finance
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🎓Earnest – Refinance Your Student Loans to Lower Your Interest Rate
https://trufinancials.com/earnest
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🏦CIT Bank – Great Savings Account to Earn High Interest
http://bit.ly/CITbank_TF
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🏦SoFi Money – Great Checking Account (Deposit your first $100 within 14 days to earn a sign-up bonus)
https://www.sofi.com/share/money/2345532/
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👫Ladder Life Insurance – Check Term Life Insurance Rates to Protect Your Family http://bit.ly/LadderLifeInsurance_TF
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🏡LendingTree – Refinance Your Home to Lower Your Interest http://bit.ly/LeandingTree_TF
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💸Cash App – Free Money Transfers with Cash App (Get a sign-up bonus after sending your first $5 to a friend or family member)
https://cash.me/app/lfxbrtq
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For more resources check out:
https://www.trufinancials.com/resources
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💻Email Me: TruFinancials@gmail.com
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DISCLAIMER: Denis Trufin, including but not limited to any guests appearing in his videos, are not financial/investment advisors, brokers, or dealers. They are solely sharing their personal experiences and opinions; therefore, all strategies, tips, suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing, and Denis Trufin’s results are not typical; therefore, do not act or refrain from acting based on any information conveyed in this video, webpage, and/or external hyperlinks. For financial or investment advice please seek the counsel of a financial/investment advisor(s), and conduct your own due diligence.

DISCLOSURE: Some of the links on this page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinions and comparisons.

Earnest Client Welcome Bonus Disclosure:
Terms and conditions apply. To qualify for this Earnest Welcome Bonus offer: 1) you must not currently be an Earnest client, or have received the bonus in the past, 2) you must submit a completed student loan refinancing application through the designated (https://trufinancials.com/earnest) link; 3) you must provide a valid email address and a valid checking account number during the application process; and 4) your loan must be fully disbursed. The bonus will be automatically transmitted to your checking account after the final disbursement. There is a limit of one bonus per borrower. This offer is not valid for current Earnest clients who refinance their existing Earnest loans, clients who have previously received a bonus, or with any other bonus offers received from Earnest. Bonus cannot be issued to residents in KY, MA, or MI. Individual bonus offers may not be combined.

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15 Comments

  1. Rebecca's Quest to FIRE
    July 26, 2021 at 7:01 am

    I can absolutely testify for earnest!!! I used them and LOVE them! They got my interest rate down from 10.29% to currently 3.54%!!!!😱😱💀 And it was so easy and quick to do!

  2. Henry Jones
    July 26, 2021 at 7:01 am

    …Also is earnest the only company (that you mentioned that allows you to combine multiple loans? private and federal?)

  3. Henry Jones
    July 26, 2021 at 7:01 am

    Most underrated video of 2020! starting in 2021 after the covid forbearance for federal loans, all my federal and private loans together would be like $800 a month, and I still can’t find steady employment. Thank you for this video and helping me weigh my options 👍🏾

  4. nathesamurai
    July 26, 2021 at 7:01 am

    so my school is offering me $41,000 which cuts my cost down to $13,000 per year and I am terrified because my family is not showing any sign of wanting to pay.they said community but the community college does not have my major. i am trying to apply for last minute scholarships (it being late May and all) and i am trying to consider whether or not student loans are worth it and where to look. if anyone can please help me that would be great bc i am having breakdowns from the panic and worry my family is causing me.

  5. Nitro Needy
    July 26, 2021 at 7:01 am

    SoFi. My credit is 820. I have solid 110 on time student loan payments. SoFi best rate is 4.86 during COVID!

  6. pmexplore
    July 26, 2021 at 7:01 am

    What is the best fixed rate company? And has a good unemployment policy.

  7. Laura Alli
    July 26, 2021 at 7:01 am

    are these options for private loans?

  8. Jorgeey15
    July 26, 2021 at 7:01 am

    Does earnest get you with a hard pull on your credit ?

  9. Shao Zhou
    July 26, 2021 at 7:01 am

    Once you got approved and submit your application, will the new loan company pay off your existing student loan (then you start paying the new loan)? or the new loan company deposits the money into your bank and then you have to pay the existing loan manually? Sorry I haven't refinanced before.

  10. Raul J. Gomez
    July 26, 2021 at 7:01 am

    This is one thing I've been wanting to look into because I pay 6%-7% in interest over my 5 student loans. I feel like I can get a better deal.

  11. Sandy Seibel Hager
    July 26, 2021 at 7:01 am

    I just refinanced with Sofi. They offered $100 for transferring but then gave me $200 instead for funding my account. I just barely made the $5,000 cut off because my monthly payment had not posted yet.

  12. Wolf of Dubai Stocks Investing Channel
    July 26, 2021 at 7:01 am

    The student loan mountain gets bigger and bigger.

    At one point it won’t be catchable anymore.

  13. Sharon Helleman
    July 26, 2021 at 7:01 am

    I miss your net worth updates and monthly reports. Can you bring those back?

  14. Amber Galbreath
    July 26, 2021 at 7:01 am

    Thank you!!

  15. Shannon Vlogs
    July 26, 2021 at 7:01 am

    I don’t even have student loans but this is some quality information