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The Washington Post noted that student borrower complaints against MOHELA spiked from 2021 to 2022: The Consumer Financial Protection Bureau (CFPB) went from receiving seven official complaints regarding MOHELA in the last quarter of 2021, to receiving over 500 complaints in the last three months of 2022 over MOHELA's loan servicing practices.
However, only refinance if you’re offered a more competitive rate than your federal loans and don’t plan on using the Education Department’s federal relief programs. 4. Con: You lose all ...
Note that the situation for student loans has changed due to the impact of the coronavirus outbreak and relief efforts from the government, student loan lenders and others. If you are a college ...
Instead, look to refinance your mortgage at a better rate for a shorter-term loan that closely resembles the remaining time on your mortgage.” Ignoring How Long You Plan To Live in the Home
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Refinancing a mortgage involves swapping out your current home loan for a new one, often with a different rate and term. The process is similar to when you initially purchased your home. Our ...
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