SoFi and Fannie Mae announce cash-out refinance student loan offering

The student loan debt problem is a growing burden that impacts a wide range of households, more than estimated 8.5 million to be specific. SoFi and Fannie Mae want to fix this. Capitalizing off of its start as a student #lender, the two companies announced a new loan option on Wednesday that allows homeowners to refinance their #mortgage at a lower rate and pay down the balance of an existing student loan. http://www.housingwire.com/articles/38430-sofi-and-fannie-mae-announce-cash-out-refinance-student-loan-offering ❤️ #share #mortgage