Does it make sense to refinance car loan and consolidate student loans before home purchase?I'm planning to purchase a home, and have 15-20% saved up for the homes within my purchase range (150-200k). However, I also have about 45k in student loans and 11k of car loans left. The car loan has 7.99% fixed interest, the student loans have a variable interest that dropped to something like 3.5% due to the economy. The student loans also have my mom as a cosigner, and she wants me to refinance them to get her name off. My question is "should I refinance my student or car or both loans to get better terms before applying for a home loan, and how long should I wait after refinancing before applying for a home loan?" I know large purchases hurt you when getting a home loan, but I heard from a coworker that refinancing can actually help since it closes a current loan, even though it opens a new one.June 10 2009 - Moorestown Township00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.