REI24 service
Refinancing
An enquiry about refinancing secured by property for an individual or a company. REI24 compiles the information and, with consent, forwards it to a finance partner.
How it works
A clear process with agreed terms
Finance enquiry
Send the collateral and loan details
REI24 forwards the enquiry to Refinance Capital OÜ only with your separate consent.
What does refinancing mean?
Refinancing means replacing an existing obligation with a new financing arrangement. The purpose may be to change the repayment structure, consolidate obligations, extend the term or apply for additional capital. Property-backed refinancing requires the finance partner to assess the applicant's ability to repay, existing obligations and the value and liquidity of the proposed collateral.
A new loan is not automatically cheaper or more suitable. A proper comparison includes interest, contract and valuation costs, the conditions for ending the existing obligation and the total cost over the whole term. REI24 does not make the credit decision; it helps compile the information required for the enquiry.
Refinancing secured by property
Depending on the finance partner's criteria, an apartment, house, land or commercial property may be acceptable as collateral. Land register information, a property description, a valuation report, balances of existing loans and evidence of income or business performance may be requested. The partner may request further documents and may reject the application.
REI24 accepts refinancing enquiries from individuals and companies. With separate consent, the information is forwarded to the finance partner, Refinance Capital OÜ. The partner determines the final offer, interest rate, term, collateral and contract conditions after assessing creditworthiness.
When might refinancing be considered?
It may be appropriate to examine refinancing before a large final payment falls due, existing financing ends or several obligations make cash-flow management difficult. A problem should not be concealed and approval should never be assumed. A complete overview of obligations, collateral and repayment capacity allows the partner to assess possible arrangements more accurately.
FAQ
Frequently asked questions
Practical answers based on the information currently available. Check the documents and current rules for the specific transaction.
Is refinancing approval guaranteed?
No. The finance partner decides after assessing the applicant, existing obligations and the proposed collateral.
Can a company apply for refinancing?
Yes. An enquiry may be submitted by an individual or a company, although the required documents differ.
Who sets the interest rate and other conditions?
The finance partner, not REI24, determines the final conditions.
Which documents are required for a refinancing enquiry?
Information about existing obligations, collateral, the financing purpose and repayment capacity is normally required. The partner may also request Land Register data, a valuation and income or business records.
Which refinancing costs should be compared?
The comparison should include interest, contract, valuation and mortgage costs, the conditions for ending the existing obligation and the total cost of the new agreement.
Does an existing mortgage prevent refinancing?
Not necessarily. The conditions for ending or changing the existing mortgage and obligation must be coordinated with the current creditor and the proposed new finance partner.