Consolidating lenders

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Loan consolidation can also give you access to additional loan repayment plans and forgiveness programs. Refer to the complete list of federal student loans eligible for consolidation in the application.There is no application fee to consolidate your federal education loans into a Direct Consolidation Loan. Department of Education (ED) or ED’s consolidation loan servicers. Top A Direct Consolidation Loan has a fixed interest rate for the life of the loan.But if you're looking to consolidate debts, renovate your home or replace your old vehicle, secured homeowner loans are a fast, flexible and convenient option which you can use in a way that suits you.You decide how much you want to borrow, how you'll pay it back and how long you'll need it for.We may do much of our work online but we believe that, when it comes to something as important as your finances, a personal relationship is essential.We do not use call centres, so whenever you speak to a member of our team, you know you are talking to a friendly expert right here at Willows Finance HQ.Loans that are not eligible for consolidation include state or private loans that are not federally guaranteed.

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The amount that can be borrowed is based on the equity in the home, which is the difference between the current value of the property and the amount that is owed on it.Another option, if there is enough equity, is to refinance and borrow funds in excess of the current loan balance.Second mortgage loans usually have terms of up to 20 years or as little as one year.You may be contacted by private companies that offer to help you apply for a Direct Consolidation Loan, for a fee. There’s no need to pay anyone for assistance in getting a Direct Consolidation Loan. The fixed rate is the weighted average of the interest rates on the loans being consolidated, rounded up to the nearest one-eighth of one percent. The loans that were consolidated are paid off and no longer exist.

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