Yes, Ledn allows clients to refinance their Standard Loans to Custodied Loans:
Eligibility:
- Loans must be active for at least 30 days, and your LTV should be within the safe range.
- Switching may lead to a higher interest rate due to the security of Custodied Loans.
How to Switch:
- Contact Ledn Support to initiate the refinancee. The team will guide you through the process, which may involve a new agreement with higher interest rate and applicable fees.
Benefits: Enjoy enhanced security by switching to a Custodied Loan, knowing your collateral is securely held and not rehypothecated.