Refinance Mortgages

Save More or Restructure Existing Loans

Refinancing allows property owners to replace their current mortgage with a new one often to secure a lower interest rate, adjust the loan term, or switch to a more suitable mortgage product.

It’s a practical way to reduce monthly payments, save on interest over time, or improve overall loan terms to better match your financial goals.

Whether you’re looking to free up cash flow or take advantage of market changes, refinancing can offer a fresh start without the need to sell your property. Switch to a better mortgage plan or consolidate your finances. Our refinancing options help reduce your financial burden

Key Features

Lower interest/profit rate compared to existing mortgage
Switch between conventional and Islamic finance
Improve monthly cash flow
Top-up loan facility available
Smooth transition with no hidden charges

FAQs

Why do people refinance their mortgage?

Common reasons include: <ul> <li style="font-weight: 400;" aria-level="1">Lowering the interest rate</li> <li style="font-weight: 400;" aria-level="1">Reducing monthly payments</li> <li style="font-weight: 400;" aria-level="1">Changing the loan term (e.g., from 25 to 15 years)</li> <li style="font-weight: 400;" aria-level="1">Switching from a variable to a fixed rate (or vice versa)</li> <li style="font-weight: 400;" aria-level="1">Releasing equity (cash-out refinancing)</li> <li style="font-weight: 400;" aria-level="1">Consolidating debts</li> </ul>

How do I know if refinancing is right for me?

You should consider refinancing if: <ul> <li style="font-weight: 400;" aria-level="1">Interest rates have dropped</li> <li style="font-weight: 400;" aria-level="1">Your credit score has improved</li> <li style="font-weight: 400;" aria-level="1">You want to reduce your repayment burden</li> <li style="font-weight: 400;" aria-level="1">You plan to stay in the property long enough to recover the costs of refinancing</li> </ul>

Will I save money by refinancing?

<ul> <li style="font-weight: 400;" aria-level="1">Yes, potentially. Refinancing to a lower interest rate or extending your term may reduce monthly payments. However, consider:</li> <li style="font-weight: 400;" aria-level="1">Processing fees</li> <li style="font-weight: 400;" aria-level="1">Valuation charges</li> <li style="font-weight: 400;" aria-level="1">Early settlement fees on your current loan</li> <li style="font-weight: 400;" aria-level="1">Use a refinance calculator or speak to a mortgage advisor to assess savings.</li> </ul>

What are the costs involved?

<ul> <li style="font-weight: 400;" aria-level="1">Costs may include:</li> <li style="font-weight: 400;" aria-level="1">Application/processing fees</li> <li style="font-weight: 400;" aria-level="1">Mortgage registration charges</li> <li style="font-weight: 400;" aria-level="1">Property valuation fee</li> <li style="font-weight: 400;" aria-level="1">Early settlement fee from your current lender (usually 1% in UAE or capped)</li> <li style="font-weight: 400;" aria-level="1">Broker or advisor fees (if applicable)</li> </ul>

Can I refinance if my property value has dropped?

Yes, but it may be harder. If your loan-to-value (LTV) is too high, lenders may offer less favorable terms or require additional guarantees.

Will refinancing affect my credit score?

Yes, but only slightly and temporarily. Applying for a new loan involves a credit check, which can cause a small dip. However, responsible repayment of your new loan can improve your score long term.

Can I refinance if I have other loans or credit card debt?

Yes, but your debt-to-income (DTI) ratio will be assessed. High existing debt may limit your refinance options, but some lenders allow debt consolidation into your mortgage.

Related Services

01. Islamic Home Finance

Islamic home finance is offered by Islamic banks or the Islamic windows of conventional banks, providing an alternative to traditional mortgages. These financing options are structured in a way that avoids charging interest, aligning with Islamic principles that prohibit Riba (usury). The most common structures include Murabaha (cost-plus financing) and Ijara (leasing), both designed to ensure that the financial transactions comply with Sharia law while allowing individuals to purchase houses.

02. Credit Card Services

As an ancillary service, we also arrange for our clients tailored credit card solutions from leading banks to meet their individual and business needs. Our team streamlines the application process, ensures competitive offers, and provides expert guidance to help you choose the right card—whether it’s for rewards, travel, cashback, or corporate use.

With strong banking partnerships and a client-first approach, we make access to financial flexibility simple and efficient.

03. Personal Loan

This is one kind of credit that a lender or the bank may offer to a borrower for personal use. To obtain a personal loan, you must fulfil the eligibility standards set forth by the lender.

These loans are granted by exception. If granted, the loan amount can be used for nearly anything, including major purchases or home remodeling. Over a predetermined length of time, you must make consistent payments to repay the loan, which typically includes interest.