Title: Should you use a mortgage refinance to pay off student loans? | Fox Business
Headings: Should you use a mortgage refinance to pay off student loans?
Should you use a mortgage refinance to pay off student loans?
Paying off your student loans with a refinance
WHAT IS CASH-OUT REFINANCE AND HOW DOES IT WORK?
Potential pitfalls of refinancing to pay off student loans
HOW TO PAY OFF STUDENT LOANS WHEN YOU'RE BROKE
How to do it right
Step 1: Make sure you have enough equity
HOW MUCH EQUITY DO YOU NEED TO REFINANCE YOUR MORTGAGE?
Step 2: Pay attention to the term
SHOULD YOU REFINANCE INTO A 30-YEAR OR 15-YEAR MORTGAGE DURING COVID?
Step 3: Know what types of loans you have
Step 4: Understand the costs — and the break-even point
5 SECRETS TO REFINANCING STUDENT LOANS THAT COULD SAVE YOU THOUSANDS
Shop around before refinancing

Content: WHAT IS CASH-OUT REFINANCE AND HOW DOES IT WORK? Potential pitfalls of refinancing to pay off student loans
Though a mortgage refinance can be used to pay off student loans, it might not always be the best choice. For one, you’ll still owe the money — just to a different lender. Depending on what types of student loans you have, you might lose valuable benefits, too (things like income-based repayment plans, which are only available on federal student loans). You will also have less equity in the home. That means less profit when it comes time to sell. If home values fall in your area, it might even put you underwater on your loan—meaning you owe more than the home is worth. HOW TO PAY OFF STUDENT LOANS WHEN YOU'RE BROKE
The biggest downside, though, is that you put your home at risk. Student loans don’t require collateral, so if you hit hard times and can’t make your payments, your credit will suffer—but you won’t lose an asset. On a mortgage, your home is the collateral.