Is it feasible getting a participant so you’re able to re-finance an existing financing?
Most definitely. There’s absolutely no regulating limit into number of funds only the limit buck number but arrangements are free to impose such as for example a limit. It may be a threshold towards number of an excellent finance any kind of time one-time otherwise a hold off since one loan try paid back up until a separate mortgage should be drawn or almost anything in the middle.
Recall, although not, the way more limits which can be enforced, the greater amount of diligent individuals should be to make sure people restrictions try consistently used.
Yes, so long as the master plan allows for they. However, there are a few essential caveats here. […]