Do you refinance online?

**homeloans** · 08-09-2010, 05:52 AM

There are may platforms available over internet now days offering the facility to refinance home loans. I would like to ask you guys that how many of you guys are using refinancing platforms online and do you prefer online refinancing or not?

**florida real estate** · 08-15-2010, 10:39 PM

Personally I would not prefer refinancing loans online. I somehow feel that there is a great risk in doing so..

**jyang** · 09-17-2010, 10:51 AM

No, I wouldn't feel comfortable re-financing online since there's a lot of money on the table. I'd need to talk to someone first in person or over the phone from a reputable company.

**roycewong** · 09-21-2010, 01:48 AM

actually not all the time......

**jhonmartin** · 10-11-2010, 01:06 AM

They would have the ablility to do a 1 time deferment of payments. Say you were going to go 2 down, say I need you to defer this months payment, and the next 2 or 3. That way you wont be late and have 2-4 months without a payment. They could put them as a ballon at the end of your 15 or 30 years.

**RJPuno** · 10-12-2010, 11:09 PM

An online refinance is something that can be carried out over the Internet just as much as any other paperwork intensive transaction can be done online. It is a bit risky because of its money involvement. A lot of scam are out there waiting for their next victim.

**ForeclosureRefinance** · 11-09-2010, 07:09 PM

I would never put myself into a position of doing so in the first place, but I know a friend that successfully refinanced over the internet a few months ago. i'll probably rendezvous with him and post back here.