If you're interested in continuing to use our loan product, you have two options:
- Extend your loan maturity for another year:
- By refinancing into a new loan, you can keep your current loan for another year. This option is subject to the origination fee and we will need to submit a new loan application for the exact payoff amount of your existing loan (will include the initial origination fee).
2. Update your loan terms:
- You may update your loan terms to draw down additional capital, lower your interest rate or reduce your loan amount.
How to refinance?
In order to refinance, we ask that you please submit a new loan application totaling your existing loan(s) payoff amount(s) plus any additional funds you desire. Make sure the required collateral does not exceed the existing collateral in your outstanding loan. Once signed, please submit a Support Ticket HERE and let us know that you would like to refinance and have submitted the new loan application.