Compare the total switching cost
Request a current liability statement and identify settlement, new-lender, valuation, registration and related charges. Calculate how long any monthly saving would take to recover those costs.
Financify · Mortgage advisory
Mortgage Refinancing in the UAE
A lower headline rate is only part of the decision. Compare the cost of staying with your current lender against the full cost of moving your mortgage.
Independent guidance. Lender assessment. Clear next steps.
Who this service is for
For homeowners reviewing an expiring fixed-rate period, considering a different repayment structure or exploring access to property equity where a lender permits it.
What to consider before you apply
Separate lower payments from lower cost
Extending the term may reduce the monthly payment while increasing total interest or profit. Compare the remaining term as well as the payment.
Treat equity release as a new assessment
Available equity does not automatically mean available borrowing. Income, liabilities, property value, loan purpose and the lender’s current policy still apply.
How we support your journey
- Review your existing balance, rate, remaining term and objectives.
- Obtain suitable alternatives and itemise the cost of switching.
- Compare scenarios, including staying with your current lender.
- If you proceed, coordinate the new approval, settlement and mortgage transfer.
Common questions
Does a lower rate always make refinancing worthwhile?
No. Charges, the remaining term and your expected ownership period can outweigh the apparent saving. Compare the total cost and break-even period.
Can I refinance and release equity together?
Some lenders may consider it. The property, purpose, valuation, income and borrowing limits determine what is available in your case.
Should I stop paying my existing mortgage during the switch?
No. Continue meeting existing obligations unless your lender gives you clear instructions as part of an agreed settlement process.
Official information and useful reading
Confirm the current requirements for your transaction with the lender and the relevant authority.
UAE Central Bank: mortgage lending framework ↗Dubai Land Department: property sale registration ↗Explore Financify mortgage guides →Page updated 19 October 2026. General information, not an offer or a guarantee. Requirements, fees and availability depend on the lender, property and applicant. Financify is a mortgage advisory brokerage, not a lender.