Q: I need money to pay for my daughter's college, what should I do? What type of loan should I get? Should I refinance my home?
A: There are a number of avenues to explore, from home equity lines of credit (if you have enough equity to borrow) to cash-out refinances, student loans, parent loans and other choices. You should consult with a financial planner to discuss what options will best fit your budget and situation.
A 25-year expert observer of the mortgage and consumer debt markets, Keith Gumbinger has been cited in thousands of articles covering a wide range of consumer finance and economic topics in outlets ranging from the Wall Street Journal to the Bottom Line newsletters. He has been a featured guest on national broadcasts for CNN, CNBC, ABC, CBS and NBC television networks and has been heard on NPR and other national and local radio programs. Keith is the primary researcher and writer for HSH.com's MarketTrends newsletter and has authored or co-authored a number of consumer guides on mortgages, home equity, refinancing and more.
