Mortgage refinancing is the process of replacing an existing mortgage with a new one, typically with different terms. This can be done for various reasons, such as obtaining a lower interest rate, changing the loan term, or altering the type of mortgage.

Benefits of Mortgage Refinancing

Lower Interest Rates: Reduces monthly payments and overall interest paid over the life of the loan.

Reduced Monthly Payments: Can improve cash flow by lowering the monthly mortgage payment.

Shorter Loan Term: Helps pay off the mortgage faster and save on interest costs. Access to Home Equity: Provides funds for home improvements, debt consolidation, or other financial needs.

The documents that our experts require to get pre-approval include:

• Passport
• EID
• Visa
• Last 6 months bank statement
• Latest salary certificate
• Title deed
• Copy of final offer letter
• Remaining principal amount.