Refinance to Pay Off Student Loans in Wisconsin – Turn Debt Into Freedom
If you're a Wisconsin homeowner carrying student loans, you might be sitting on the solution to pay them off faster. A cash-out refinance lets you use your home's equity to eliminate student debt, simplify your finances, and possibly save thousands in interest over time.
I'm Adam Zeman with Union Home Mortgage (NMLS #870441), and I help homeowners across Wisconsin refinance strategically - keeping documentation light and approvals fast.
Talk to me now (fast, no-pressure consult):
Adam Zeman - Mortgage Loan Originator, NMLS #870441
📞 Call/Text: 414-975-2654
📧 Email: azeman@uhm.com
🌐 Visit: www.mkemortgage.com
📅 Schedule: https://calendly.com/adam-zeman/30min
💬 24/7 Assistant: Wisconsin Real Estate & Mortgage Expert
How a Cash-Out Refinance Helps Pay Off Student Loans
A cash-out refinance replaces your existing mortgage with a new one that's larger than your current balance - giving you access to your built-up home equity in cash. You can use those funds to pay off student loans and roll everything into one predictable, lower-rate payment.
Unlike most personal loans or private refinance options, mortgage rates are typically much lower, and the interest may be tax-deductible if structured correctly. (Always confirm tax implications with a qualified advisor - see IRS Publication 936 for official guidance.)
Top Benefits of Refinancing to Pay Off Student Loans
✅ One Monthly Payment - Combine mortgage and student debt into a single, lower payment.
✅ Lower Interest Rates - Mortgage rates are often well below student loan rates, especially private ones.
✅ Potential Tax Advantages - Mortgage interest may qualify for deductions that student loans don't.
✅ Eliminate Student Loan Servicers - Simplify your life and gain full control over your payments.
✅ Faster Path to Freedom - Accelerate payoff by applying more toward principal instead of high-interest loans.
Who Should Consider It
- Homeowners with 10%+ equity and steady income.
- Borrowers with student loans over $25,000.
- Those looking to reduce monthly obligations or prepare for major life changes (kids, retirement, relocation).
If you already have an FHA, VA, or conventional mortgage, we'll find the best path - whether it's a cash-out, rate-and-term, or debt consolidation refinance.
Wisconsin Example - Real Numbers
A Milwaukee homeowner with a $300,000 home and $200,000 mortgage refinances to $230,000 at a lower rate. The $30,000 cash-out pays off private student loans at 9% interest - replaced with a fixed 6.25% mortgage rate. That's thousands in savings annually and one simpler payment.
Potential Considerations
Refinancing to pay off student loans can be powerful, but it's not for everyone. You'll want to review:
- Loan term: Extending your term can reduce monthly payments but increase total interest.
- Equity impact: You'll owe more on your home, which reduces short-term equity.
- Discipline: Don't rack up new unsecured debt after refinancing - that defeats the purpose.
For an objective look at what to consider before refinancing, visit the Consumer Financial Protection Bureau (CFPB) Student Loan Guide.
Why Work With a Local Expert
Refinancing student loans using home equity requires precision - and knowing Wisconsin property values, title requirements, and lending overlays helps you avoid costly mistakes. I personally review your loan structure up front, match you with the right program, and ensure you're getting a fair, fast deal.
💬 Talk with me today or chat instantly with my Wisconsin Real Estate & Mortgage Expert assistant for quick answers.
Get Your Custom Refinance Plan
If you're ready to eliminate student debt, simplify your budget, and start building long-term wealth - let's make it happen.
Adam Zeman - Mortgage Loan Originator, NMLS #870441
📞 Call/Text: 414-975-2654
🌐 Visit: www.mkemortgage.com
📅 Schedule: https://calendly.com/adam-zeman/30min
💬 24/7 Assistant: Wisconsin Real Estate & Mortgage Expert