Refinance debt

Debt refinancing can be done in many ways.

Here we talk about the different forms of debt refinancing.

To refinance is to replace the loan or loans you have with a new loan. For some it is about obtaining a better interest rate on the loan than they have today, for others it may be about borrowing a little more for renovations. There are also many people who want to combine expensive small loans into one cheaper loan.

By lowering the overall effective interest rate, you get a cheaper loan and more money left over to be able to pay it off faster.

Loans can be refinanced both with and without collateral in the home. If you own a home or can get security in a home, you can refinance larger amounts and also refinance debt with payment notices. The comments will then be deleted after the refinancing and you will be declared financially healthy.

If you do not own a home, but have several credit cards with high interest rates, there is usually a lot to save by refinancing and consolidating credit card debt into one consumer loan. It allows for faster repayment, lower monthly amounts and only one bill to deal with.

» We work with many banks to find the solution that best suits you when it comes to refinancing debt. The work we do in obtaining loan offers is both free and non-binding for you as a customer”

What is refinancing?

Refinancing is the process of borrowing money from a new creditor to pay off an existing debt. The goal of refinancing is often to get a better interest rate or a lower monthly payment on the debt.

Who can refinance?

Most people can refinance, as long as they have good credit and a stable income. However, it is worth noting that some types of debt, such as student loans, cannot be refinanced.

What should I consider before refinancing?

It is important to assess whether refinancing will be profitable for you, based on your financial goals and situation. You should compare the interest rate on your existing loan with the interest rate on a refinancing loan, and assess whether the difference in the interest rate will be large enough to make it worthwhile to refinance. You should also consider any fees that may be associated with refinancing and make sure you can afford them.

How do I apply for refinancing?

You can apply for refinancing through Eiendomsfinans via the form at the top of the page. You will usually need to provide information about your financial situation, including income, assets and existing debts.

Is refinancing always profitable?

Refinancing is not always profitable. If you have a low interest rate on your existing loan, you may not be able to get a better interest rate through refinancing. In addition, there may be fees associated with refinancing, which may make it not worthwhile to refinance even if you can get a better interest rate. It is therefore important to assess whether refinancing will be profitable for you, based on your financial goals and situation. We help you calculate this.

Can I refinance an unsecured loan?

Yes, you can refinance an unsecured loan, such as a credit card debt or a consumer loan. However, it is worth noting that unsecured loans usually have higher interest rates than secured loans. Here you can also read more about refinancing unsecured loans by collecting small loans.

Can I refinance a loan with a short repayment period?

Yes, it is possible to refinance a loan with a short repayment period, but you may not be able to get such a good interest rate on such a loan. This is because lenders usually require borrowers to have a longer repayment period to reduce the risk that the borrower will not be able to repay the loan.

Can I refinance a mortgage?

Yes, you can refinance a mortgage. The aim of refinancing a home loan may be to get a lower interest rate, a shorter repayment period or to get a different type of loan, such as a fixed-rate loan, interest-free loan or home equity credit line . Here you can read more about mortgage refinancing .

What happens to the remaining debt when I refinance?

When you refinance, you pay off the existing debt with the money you borrow through the refinance. If you choose to refinance all the debt you have, the remaining debt will therefore be zero after the refinancing has been completed.

Can I refinance a loan with a bad credit score?

It may be more difficult to refinance a loan with a bad credit score, but it is not impossible. We help you apply for refinancing with a lender that offers loans to people with bad credit, but you must expect to pay a higher interest rate than usual. You may also need a guarantor to refinance your debt. Read more about restart loans here.

1

Quickly

Our partner banks have teams that only work with loan applications from us. These cases are prioritized so that our customers receive quick answers and offers for debt refinancing.

2

Safe

We have been working on obtaining loan offers since 1993. Today Eiendomsfinans is the country’s largest financial agent. It is very important to us that you feel safe and well taken care of throughout the process when refinancing debt.

3

Simple

You will be assigned a permanent adviser who will follow your case from A to Z. Once we have mapped your wishes and needs for debt refinancing, we optimize your loan application to the relevant banks. You only tell your story once, we do the rest of the work.

Collaboration partners:

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