Refinancing
My currently airplane is financed through my company with my business partner and I am buying the plane from him. My question is do I have to refinance the loan or can I have the bank modify the existing loan?Most lenders are not going to want to release a borrower of an obligation through a modification. The most prudent process for you and the bank is to refinance the loan and qualify in your name alone.
100 Halls Road
P.O. Box 1060
Old Lyme, CT 06371
Fax: 1(866)282-2623
www.beaconairloans.com