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Refinancing your mortgage could save you...
What mortgage refinancing could save you
Why Refinance with Square Mortgage Consultants?
We make mortgage refinancing simple, fast, and tailored to your needs. Here’s why clients trust Square Mortgage Consultants to help them save:
Personalised Refinancing Options
We compare over 500 mortgage products from top UAE banks to help you find the best mortgage refinance deal tailored to your loan, goals, and lifestyle.
Over 30 Years of Combined Mortgage Expertise
With extensive experience in the UAE property market, our expert team ensures you get trusted guidance every step of the way.
Transparent, No-Surprise Fees
We believe in full transparency. Our approach lets you refinance with complete confidence—no hidden charges, just real savings.
Frequently Asked Questions About Mortgage Refinancing
What is mortgage refinancing?
Mortgage refinancing involves replacing your existing home loan with a new one—either with your current lender or a new UAE bank. Homeowners typically refinance to secure lower interest/profit rates, adjust their loan tenure, reduce monthly payments, or release equity from their property.
How do I know if refinancing my mortgage is right for me?
Refinancing is ideal if current UAE market interest rates are lower than your existing rate, or if your current fixed-rate period is ending. If the potential monthly and lifetime savings outweigh the upfront switching fees, refinancing is a smart financial move.
Are there any costs involved in refinancing?
Yes, standard costs in the UAE may include a early settlement fee (capped by the UAE Central Bank), new bank processing fees, property valuation fees, and Dubai Land Department (DLD) mortgage deregistration/registration fees. Our advisors calculate all costs upfront to ensure refinancing makes financial sense for you.
Can I refinance if I still have many years left on my loan?
Yes, you can refinance at almost any point during your loan term. In fact, refinancing early in your mortgage tenure often yields the highest lifetime savings because interest costs are highest during the initial years.
How much can I save by refinancing?
Your total savings depend on your current loan balance, existing interest rate, remaining term, and the new rate you secure. Even a 0.5% to 1% reduction in interest rates can save you thousands of AED per year on monthly installments.
Do I need to switch banks to refinance?
Not necessarily. While switching to a new bank often yields the lowest rates and best promotional offers, you can also negotiate a buyout or rate revision directly with your existing bank. Square Mortgage Consultants evaluates both options to ensure you get the most favorable deal.
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