The latest loan’s interest rate will be an excellent adjusted mediocre off the newest fund you may be combining
The latest loan's interest rate will be an excellent adjusted mediocre off the newest fund you may be combining Such as for instance, while merging a couple equivalent government money, one having an 8% interest rate plus one having an effective 6% interest, the interest rate on your brand new, consolidated mortgage was eight%. Yet not, something attract more challenging if for example the financing won't be the same size. Just to illustrate out-of how-to estimate the latest consolidated interest rate regarding irregular loans. Let's say you've got an entire student loan loans…Read more …