Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Student Loans

Share this question with others:

What's the best way to pay off my student loans?

Good question?

Hello everyone! I'll graduate this summer and i'll owe about $70,000 in student loan. My wife and I both have average score 670 and 720. We own our house and already paid off. I am just wondering what is the best way to pay off all my student loan. I've talked to several people and they all advised me to do a second mortgage and use that money to pay off the student loan. Is that a good idea? Any advises will be appreciated. Thanks

Asked by sonnguyen82 4 months ago Flag this Question

1 response

Have something to share? Give Advice

Sort By: Newest First Oldest First Top Rated First

You mean fixed home equity loan because the home is currently paid off.  That is a great idea because rates are low.  Good Luck.

Reply Cancel Reply

nandog 4 months ago

Enter Your Reply

Please enter a reply

Submit Your Comment

Receive email alerts when responses are added

• Prev
• 1
• Next

Reply To This Question

Enter Your Response
<p></p>

Please enter a response

Submit Your Response

Receive Response Email Alerts

We'll alert you when a response or reply is posted to this question.

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.