Personal loan for refinance

Hi,

To me it will be riskier to take out a personal loan to refinance a home. It will better if you could take out a home loan to refinance your existing mortgage.

Take care

Hi chandanlinks!

Welcome to forums!

It won't be a good option to take out a personal loan to refinance the loan. It will be better if you could go for a mortgage loans as such loans are now available at a low interest rate.

Feel free to ask if you've further queries.

Sussane

i personally think that taking out a personal loan to refinance your home loan is a risky idea. i would suggest that you take out a mortgage loan which is actually currently being offered at reasonable rates to refinance your existing mortgage instead of using a personal loan.