Can I refinance my loan more than once?

Yes. Once you meet the eligibility requirements on your refinanced loan, you can apply to refinance again to receive additional funds. However, this means more money to pay back plus interest, and this may not always be the best option. 

Before you refinance your loan, ensure that doing so makes sense for your unique financial situation.  Here are some questions you should ask yourself:

• How much additional funding am I eligible to receive?
• Do I really need to borrow this money?
• Can I afford to make the scheduled payments for the term of the loan?
• Do I have other, less costly credit options available?

Before refinancing a loan, always do your research, consider the pros and cons, and carefully review the terms.