# Refinancing an Existing Loan

Lenders can propose to refinance active loans to offer better terms:

**Identify Loans:** Find existing loans that you can offer better terms for in the “Listings” tab under the “Active Loans” section.

<figure><img src="/files/qJfFhQOh2kE5HALmMkyM" alt=""><figcaption></figcaption></figure>

**Loan Takeover:** Pay off the accrued interest and principal to the original lender to take over the loan. If the loan had guaranteed interest, the new lender will have to cover the guaranteed interest amount when refinancing. To take over a loan, the newly proposed terms need to be better than the current ones.

<figure><img src="/files/1LkQnCO4O7BNrVoCp9gJ" alt=""><figcaption></figcaption></figure>


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