Consolidating student loans in canada
Refinancing simply means taking out a new loan – at a lower interest rate – to consolidate and replace your old loans.Common Bond offers three refinancing options that can save you tens of thousands of dollars – so you can finance your dreams.A low interest rate that’s locked in for the life of your loan – so your monthly payments never change.A fixed rate may result in a higher total cost, but you’ll rely on predictable monthly payments.
Most borrowers will need a cosigner for this loan to meet credit, employment, and debt-to-income requirements.Rates are typically higher without a cosigner; however, borrowers that meet these requirements on their own do not need a cosigner (but may still choose to apply with a cosigner).Any adult who meets the credit and citizenship requirements can be a cosigner for a private student loan. national, or is a permanent resident alien with proper evidence of eligibility, and contacts Wells Fargo to request release of the cosigner.The cosigner doesn’t have to be a relative; he or she can be anyone who meets the requirements — ideally someone with an established credit history and steady income. We will evaluate credit, employment, and income factors to determine the student borrower's ability to take full responsibility for repaying the loan.