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How are interest rates determined on refinance loans?
How are interest rates determined on refinance loans?

The lenders on Sparrow generally determine interest rates by your credit score and income.

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Written by Sparrow Support
Updated over 2 years ago

The lenders on Sparrow generally determine interest rates by your credit score and income. However, lenders may take into consideration other factors such as:

  1. Your debt-to-income ratio

  2. Type of degree you have

  3. Your cosigner’s credit score and income (if applicable)

You can check your prequalified rates by completing our two-minute application.

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