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# Debt Advice Needed - How to refinance motg/request for loans

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Debt Advice Needed - How to refinance motg/request for loans [#permalink]  18 Feb 2010, 08:45
I am currently in some debt, in which I need to fix before I go to school.

I have a mortgage at 6.25% that I need to refinance to a lower rate before I go to school. Hopefully at around 5.25%. This way, I can lower my monthly payments so I can still pay for this place with my savings while I am still in school. I am not looking to sell because it's just not the market to do so.

I also need to apply for federal school loans (fafsa) - and doing it as we speak. Don't have any scholarships.

Should I get the federal school loans first before I refinance? Or vice versa. I am not sure what the impact of all these credit checks will have on my debt rating and ability to secure loans/scholarships/etc.

What's the best strategy?

Help!! Thanks.
Debt Advice Needed - How to refinance motg/request for loans   [#permalink] 18 Feb 2010, 08:45
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