My personal student loan refi experience (SoFi, Serious, CommonBond)

Given that Phil states, “a society is best mirrored regarding skill you to definitely decides to meet your needs and skill that will continue to work with you.”

“As i go through the people who are at your workplace and which we have been in a position to an effective) get and you will b) hold, and observe exactly how hardworking and you can gifted he is, and how they reduce each other – that’s easily one of the things that I’m really proud of about our company.”

As CommonBond continues to grow and develop as a company, they approach culture as an ongoing process and apply their core value of Recovering: “It’s a back-and-forth conversation about ‘here’s how we want to work together.’”

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My education loan refi sense (SoFi, Earnest, CommonBond)

5%), and you may seemingly low loan dominant ($twenty-seven.5k), I didn’t have the lowest price stated in the step three loan providers. Not romantic, in reality.

I started my search at WCI because, frankly, Jim is the best at keeping us updated on the student loan refi climate. From his May 13th blog post about 3 reviews of Credible, we have the following players and bonuses:
CommonBond – $300
LendKey – $300
Credible – $100
Earnest – $300
SoFi – $200
LinkCapital – $100
DRB – $300
First Republic Bank – $200

I knocked out Credible because I don’t like aggregators of financial information on principle. LinkCapital has a relatively low bonus and relatively high minimum rates. First Republic does not lend in my area. I don’t like the poor online presence of DRB, and reviews of LendKey turned me off. So, after some googling and creative URL guessing to find higher bonuses, I landed on this priority, all offering 5-year variable rates around 2.14%:
SoFi – $500
Earnest – $500
CommonBond – $300 (WCI has the best bonus here)
then, if none of those offer good rates,
DRB – $500
LendKey – $250

SoFi’s pre-acceptance software try clear and you can concise in just step three house windows. At the no reason was We concerned with a painful remove. Fundamentally, it said cuatro.315. I was floored. Maybe you you need $150k+ earnings for optimum pricing?

Earnest got an amount simpler pre-recognition techniques, only one display screen. But really, nonetheless providing to cuatro.2% to that particular fundamentally chance-100 % free debtor.

(Sidebar, I do inquire sometime if SoFi and you may Earnest will not offer their best rates to the people using $500 extra backlinks.)

CommonBond have a slippery interface, but several dozen windows to their software. The newest range anywhere between silky and difficult pull is not Obvious. Searching straight back, I really don’t consider you can purchase a speed regarding CommonBond in the place of an arduous pull. Whatever the case, they provided step three.93 for five year changeable and 3.91 getting 7 season variable. We sincerely doubt DRB can do notably much better than such step three guys, and i also don’t have thirty days to go to and view from their store, therefore i chose to simply keep up CommonBond simply because they already have my hard eliminate.

I am to order property the coming year, so convinced cautiously in the DTI (and you may because of the down rates. ), I decided to choose the new seven 12 months. I won’t carry this loan to title. I plan to re-refi with SoFi next year to obtain the $five hundred, right after which maybe do so once more having Earnest for their $five-hundred before eventually paying down the loan.

I experienced to current email address CommonBond service to switch my personal application regarding 5 so you can eight 12 months, however, that was simple and fast, also over the sunday. We submitted dos shell out stubs payday loans online Santa Clara and you will benefits files easily. Must current email address them percentage contact. As well as requested her or him in the including good cosigner to lessen the rate, but I do believe simply SoFi really does you to definitely.