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What is refinancing?
Refinancing allows you to easily transfer your existing mortgage from one lender to another. This process involves the borrower signing a new loan and collateral agreement with the new lender.
What benefits are available when refinancing with SEB bank?
- A reliable financial partner offering simple and convenient loan servicing throughout the entire loan term.
- Switch from your current lender to SEB bank – with no loan origination fee.
- Enjoy access to other banking services on more favorable terms, along with easy everyday money management in the SEB mobile app.
How to refinance with SEB?
- Fill out the home loan application and select “Refinancing” as the purpose.
- We will contact you to explain the refinancing process and present our offer.
- If you accept the offer, we will get in touch with your current lender and handle the formalities.
- You will sign a new loan and mortgage agreement remotely via the Internet Bank.
- Visit a notary of your choice to certify the mortgage amendments and register them in the Land Register.
- Once the amendments are registered in the Land Register, the refinancing process will be complete, and your mortgage loan will be issued by SEB bank.
What expenses are associated with refinancing?
- Loan processing at SEB bank – free of charge
- State fee for registering a new mortgage – waived
- Clerical fee for registering changes in the Land Register
- Notary services – available at a reduced cost
- Real estate valuation – performed by a certified appraiser
