Or, one can do it the other way around, i.e., nominate the x-axis, in which case the y-axis is then automatically determined. There is no special reason to choose the horizontal over the vertical as the initial designation: the two directions are on par in this respect.
1 Enjoy a potentially lower monthly payment. 2  Consolidate multiple private student loans or refinance a single private student loan. 3  Choose from a competitive fixed or variable interest rate option when you apply. 4  Reduce your loan cost by qualifying for our interest rate discounts. Consolidate multiple private student loans or refinance a single private student loan. 2  Choose from a competitive fixed or variable interest rate option when you apply. 3  Reduce your loan cost by qualifying for our interest rate discounts. 4  Pay no application, origination or early-repayment fees.
Best Answer: refinancing is simply getting a new loan and using it to pay off your old loan. For example if you owe $150k on your current mortgage, you shop around for a new loan of $150k.When you get one, you use the money to pay off the old loan.here are fees for a refinance so if your goal is to lower payments your new interest rate should be at least 1% lower than your current loan and you have to plan to keep the home for at least 7 years to make it a good deal. Otherwise your fees are more than your savings.