RERA-Licensed Property Advisor · Sales Manager, Property Junction International · BRN 80731 · Dubai

Can I break a fixed-rate mortgage early to refinance?

You can, but fixed-rate deals often carry higher exit costs during the lock-in period. Beyond the Central Bank's 1% or AED 10,000 early-settlement cap, your contract may impose extra break costs. Always check your agreement's fixed-period terms, because it is sometimes cheaper to wait until the fixed rate reverts before switching lenders.