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#1
06-13-2006, 10:48 PM
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House Passes Bill getting rid of Single Lender Rule for Consolidation
No more single lender rule
This is great news for many of you with a single lender as you should be able to lock in at a lower rate and get a better deal. Check out this fatwallet article on the best consolidation rates: best conosolidation rates Make sure to act fast as you need to do this by June 31. 
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#3
06-14-2006, 12:08 AM
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Re: House Passes Bill getting rid of Single Lender Rule for Consolidat
Sweet... i was losing all hope of locking in my rate because of the single lender rule. Looks like it should be enacted before the June 31 deadline too. Thanks for the links!!!
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#4
06-14-2006, 01:37 AM
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Re: House Passes Bill getting rid of Single Lender Rule for Consolidat
I'm confused. I consolidated my loans with the U.S. Department of education at 2.5% over 20 years. Is somebody seriously going to give me a lower intrest rate?
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#5
06-14-2006, 02:14 AM
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Re: House Passes Bill getting rid of Single Lender Rule for Consolidat
[ QUOTE ]
I'm confused. I consolidated my loans with the U.S. Department of education at 2.5% over 20 years. Is somebody seriously going to give me a lower intrest rate? [/ QUOTE ] do you get another 1% off for consecutive timely payments? I just consolidated with graduate leverage and locked in my rate at 2.75% and then get another 1% off at 3 years so i'll be locked in at 1.75% for 30 years. I'm very happy with this.
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