How to Refinance Your German Mortgage (Umschuldung)

Refinancing (Umschuldung) your German mortgage can save you thousands of euros over the loan duration. Learn the optimal timing and step-by-step process to switch to a lower interest rate.

When Should You Refinance in Germany?

Under §489 BGB, every borrower in Germany has the statutory right to terminate and refinance their mortgage without penalty after 10 years, even with a 15- or 20-year fixed rate.