(WXYZ) — It’s been over a month since the federal government announced the pause on student loan payments was being extended to May 1, 2022.
While many are hoping for another extension, government leaders have signaled that borrowers take this extra time to prepare for payments to resume. For some student loan borrowers exploring their options, a cash-out refinance may be the answer.
David Hall, president and CEO of Hall Financial, shares tips on how homeowners can leverage their home’s equity to pay off their student loans when payment requirements resume. To learn more about Hall Financial, visit callhallfirst.com.