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Option 1: Pay off high-interest loans first. Once you’ve decided which type of loan to attack first, choose a strategy. Getting rid of loans in order of the highest interest rate is called the debt avalanche, and it will save you the most money.Should you refinance student loans with a mortgage?
A mortgage refinance can certainly be used to pay off your student loans. To do it, you'd need a cash-out refinance, which means taking out a new mortgage loan that's higher than your current loan's balance. Those funds are then used to pay off the old loan, and you keep the difference in cash.