Mortgage refinancing, with or without additional borrowing
Already have a mortgage?
Find out if you could be spending less.
That is why we compare your current mortgage with the options available from leading banks and assess whether switching your mortgage could reduce your monthly payment.
Which is the best bank to transfer your mortgage to?
There is no single best bank when the goal is to pay less.It depends on the borrower, the existing mortgage, the property, the loan-to-value ratio (LTV), income, remaining term, interest rate, associated products and the terms offered by each bank. That is why we compare your current mortgage with the options available from leading banks and assess whether switching your mortgage could reduce your monthly payment.
Mortgage Broker
Authorised by Banco de Portugal · ICV 6957
Complete the assessment request form in just one minute.
In just one step, we review your current mortgage terms and assess whether there is room for improvement.
We compare your current mortgage with the alternatives available from leading financial institutions.
From the initial assessment through to completion, your case is handled by the same team.
MORTGAGE REFINANCING SIMULATION
Illustrative example, based on a real case handled in June 2026.
In many of the mortgage transfers we handle, the new lender covers some or all of the transfer costs. Before you decide, we show you the full picture: what you could save and what you would pay.
The savings in each case depend on the terms of the transaction, market conditions and bank approval.
350.000 €
Outstanding balance
383
Payments remaining
1.537 €
Monthly payment
350.000 €
Outstanding balance
360
Payments remaining
1.398 €
Monthly payment
The difference:
in total savings over the life of the mortgage
HOW MORTGAGE REFINANCING WORKS
Complete the form in just one minute.
We review your current mortgage
We compare your current mortgage with the terms available on the market.
We present the options best suited to your profile and objectives.
Reducing the cost of your mortgage is about more than securing a lower interest rate.
With mortgage refinancing, most comparisons focus only on the interest rate. We look at everything that affects your monthly payment — and what you will pay over the life of the mortgage.
- Additional borrowing: if you need extra funds, we will assess the available options as part of our review.
- Spread and interest rate type: variable, fixed or mixed
- Life and home insurance
- Associated products: salary account, cards and other requirements
- Loan term: reduce your monthly payment or pay less interest overall
- Switching costs, to ensure the savings are real
FAQ
How much does your service cost?
For mortgage brokerage services, Meg Fin is remunerated by the banks. There is no cost to our clients for the assessment and management of a mortgage application. Find out more about How we work.
What are the costs of switching your mortgage?
In many cases, the new bank will cover some or all of the costs of switching your mortgage. These typically include the property valuation, registration fees, taxes and, in some cases, an early repayment charge from your current bank. Before you make any decision, we give you the full picture: how much you could save, what you would pay and whether switching is actually worthwhile. Fees and costs associated with switching a mortgage are also regulated. You can check the applicable rules at Portal do Cliente Bancário do Banco de Portugal.
Does it make sense to review my current mortgage?
Transferring a mortgage can make sense even when interest rates have not fallen. A mortgage may be poorly structured for reasons unrelated to its interest rate: an unsuitable term, insurance that could be improved, or linked financial products that no longer suit the client’s circumstances. Looking at the mortgage as part of a broader financial picture, rather than as an isolated agreement, helps us identify opportunities others may overlook.
Can I borrow an additional amount when refinancing my mortgage?
In many cases, you can apply for additional borrowing when you transfer your mortgage. The amount available depends mainly on the property’s current value, your outstanding mortgage balance and how much of your income is committed to debt repayments. The additional borrowing may have different terms from the mortgage, so we show you the costs separately: what the transfer costs and what the extra borrowing costs.
I have a fixed or mixed interest rate. Can I still refinance?
During a fixed-rate period, the early repayment charge is usually higher. We assess how long you have left at that rate, what it would cost to switch now and whether the savings would outweigh that cost. Sometimes it makes sense to switch immediately; sometimes it is better to wait. We show you which applies to your case.
What if my current lender makes me a counteroffer?
Your current lender will often make a counteroffer to keep you as a client, which is good news: it means you have better terms to consider. We help you compare the counteroffer with the alternatives, so you can decide with the figures in front of you, without feeling pressured.
Do I have to switch my salary account or insurance?
Lenders often offer better mortgage terms if you have your salary paid into an account with them. If your income is earned abroad, some may accept regular transfers instead. We check what each lender requires and include those conditions in our comparison, so you can see whether the savings justify the changes and whether your insurance could cost less too.
How long does the process take, and what do I need to prepare?
A mortgage transfer can take between one and two months from the initial assessment to completion, depending on the lender and your circumstances. To get started, we only need the information in the form. We will then tell you exactly which documents are required. These usually include identification, an income tax return, payslips, a credit liabilities report and a statement of the outstanding balance on your current mortgage.
I live outside Portugal. Can I still refinance my mortgage?
We work with non-resident clients and Portuguese citizens living abroad. Mortgage terms and document requirements vary by country and type of income, and we can manage the process remotely. In most cases, you only need to be present to sign the deed. Sometimes a representative can even do that on your behalf with a power of attorney.
23 fewer payments.
