stevio
Member of DD Central
Posts: 2,065
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Post by stevio on Sept 23, 2017 11:40:45 GMT
@@filipkaradaghi do you have any idea yet on what your policy will be on the above - eg are you likely to allow an extention/renewal if the borrower requests it or when the loan reaches the end of term, is that a definite stop date? If renewal, I presume that existing lenders in that loan will get first preference to renew?
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Post by Deleted on Sept 23, 2017 12:28:23 GMT
@@filipkaradaghi do you have any idea yet on what your policy will be on the above - eg are you likely to allow an extention/renewal if the borrower requests it or when the loan reaches the end of term, is that a definite stop date? If renewal, I presume that existing lenders in that loan will get first preference to renew? Hi stevio. We do allow refinancing on a case by case basis subject to new assessment, valuation and legals. A new loan listing will be created for each refinanced loan and lenders that have investments into the loan that is being refinanced will be able to pre-commit part or whole of their investment into the new loan listing for a certain time period, prior to the listing becoming available to other platform lenders (those that do not have an investment in the loan that is being re-financed). Please let me know if you have any further questions. Regards, Filip
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