Choosing the best lender for you means comparing multiple lenders. Not only do loan options and features vary by lender, but every company has its own unique methods of evaluating borrowers. When comparing, you should look at:
Interest rates: Some lenders offer both fixed and variable rates. Decide which is best for you.
Loan terms: The length of repayment for most refinancing lenders is between five and 20 years. Just remember: The longer the repayment term, the more you’ll have to pay in interest over the life of the loan.
Origination Fees: Look for lenders with no fees, like any of Credible’s partner lenders.
Repayment options: Some lenders might offer repayment options like deferment, forbearance, or other hardship options if you get into a bind.
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