The Europe Refinancing Market would witness market growth of 6.7% CAGR during the forecast period (2022-2028).
Refinancing with cash enables the borrower to settle off a portion of the debt in exchange for a reduced loan-to-value (LTV) proportion or lower monthly loan payments. In some circumstances, refinancing with a consolidation mortgage may be a good idea.
When an investor secures a single loan at a rate that is less than their existing average interest rates across various credit products, they may choose to consolidate their debt. A customer or corporation must apply for a new loan at a reduced interest rate, pay off previous debt with the new loan, and then leave their total outstanding principal with significantly lower interest rate payments.
The increase in investments by banks as well as other financial institutions to upgrade their technology and facilitate better refinancing options to their clients in an effort to improve their engagement can be ascribed to the expansion. Banks and other financial institutions are concurrently providing clients with lower interest rates and fixed-rate mortgages with a variety of refinancing options. The aforementioned elements are anticipated to propel the industry's expansion.
Mortgages in Germany often have lengthier fixed periods than those in several other European nations, with 10 and 15 years being the most frequent lengths for these terms. If the current mortgage is coming to the end of its fixed term and users wish to change to a better offer, this is the primary reason to consider remortgaging the home. After ten years of making payments, customers will own a larger share of the property, which means they will be able to remortgage at a lesser loan-to-value (LTV) and reduce the amount that they pay each month.
The Germany market dominated the Europe Refinancing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,937.6 million by 2028.The UK market is anticipated to grow at a CAGR of 5.9% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 7.5% during (2022 - 2028).
Based on Deployment, the market is segmented into On-premise and Cloud. Based on End User, the market is segmented into Personal and Commercial. Based on Type, the market is segmented into Fixed-rate Mortgage, Adjustable-rate Mortgage, Cash-out and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Refinancing Market will Hit $28 Billion by 2028, at a CAGR of 7.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Wells Fargo & Company, Ally Financial Inc., Rocket Companies, Inc., Citigroup Inc., Berkshire Hathaway, Inc. (Bank of America Corporation), loanDepot, Inc., JPMorgan Chase & Co. (Wepay, Inc.), RefiJet, Better Holdco, Inc., and Caliber Home Loans, Inc. (Newrez LLC).
Scope of the Study
Market Segments Covered in the Report:
By Deployment
By End User
By Type
- Fixed-rate Mortgage
- Adjustable-rate Mortgage
- Cash-out
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Wells Fargo & Company
- Ally Financial Inc.
- Rocket Companies, Inc.
- Citigroup Inc.
- Berkshire Hathaway, Inc. (Bank of America Corporation)
- loanDepot, Inc.
- JPMorgan Chase & Co. (Wepay, Inc.)
- RefiJet
- Better Holdco, Inc.
- Caliber Home Loans, Inc. (Newrez LLC)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Refinancing Market, by Deployment
1.4.2 Europe Refinancing Market, by End User
1.4.3 Europe Refinancing Market, by Type
1.4.4 Europe Refinancing Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisitions, Joint Ventures & Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
Chapter 4. Europe Refinancing Market by Deployment
4.1 Europe On-premise Market by Country
4.2 Europe Cloud Market by Country
Chapter 5. Europe Refinancing Market by End-use
5.1 Europe Personal Market by Country
5.2 Europe Commercial Market by Country
Chapter 6. Europe Refinancing Market by Type
6.1 Europe Fixed-rate Mortgage Market by Country
6.2 Europe Adjustable-rate Mortgage Market by Country
6.3 Europe Cash-out Market by Country
6.4 Europe Others Market by Country
Chapter 7. Europe Refinancing Market by Country
7.1 Germany Refinancing Market
7.1.1 Germany Refinancing Market by Deployment
7.1.2 Germany Refinancing Market by End-use
7.1.3 Germany Refinancing Market by Type
7.2 UK Refinancing Market
7.2.1 UK Refinancing Market by Deployment
7.2.2 UK Refinancing Market by End-use
7.2.3 UK Refinancing Market by Type
7.3 France Refinancing Market
7.3.1 France Refinancing Market by Deployment
7.3.2 France Refinancing Market by End-use
7.3.3 France Refinancing Market by Type
7.4 Russia Refinancing Market
7.4.1 Russia Refinancing Market by Deployment
7.4.2 Russia Refinancing Market by End-use
7.4.3 Russia Refinancing Market by Type
7.5 Spain Refinancing Market
7.5.1 Spain Refinancing Market by Deployment
7.5.2 Spain Refinancing Market by End-use
7.5.3 Spain Refinancing Market by Type
7.6 Italy Refinancing Market
7.6.1 Italy Refinancing Market by Deployment
7.6.2 Italy Refinancing Market by End-use
7.6.3 Italy Refinancing Market by Type
7.7 Rest of Europe Refinancing Market
7.7.1 Rest of Europe Refinancing Market by Deployment
7.7.2 Rest of Europe Refinancing Market by End-use
7.7.3 Rest of Europe Refinancing Market by Type
Chapter 8. Company Profiles
8.1 Wells Fargo & Company
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental Analysis
8.2 Ally Financial Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Partnerships, Collaborations, and Agreements:
8.2.4.2 Product Launches and Product Expansions:
8.2.4.3 Acquisitions, Joint Ventures & Mergers:
8.2.4.4 Geographical Expansions:
8.3 Rocket Companies, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental Analysis
8.3.4 Recent strategies and developments:
8.3.4.1 Partnerships, Collaborations, and Agreements:
8.3.4.2 Acquisitions, Joint Ventures & Mergers:
8.4 Citigroup Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Recent strategies and developments:
8.4.4.1 Product Launches and Product Expansions:
8.5 Berkshire Hathaway, Inc. (Bank of America Corporation)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Partnerships, Collaborations, and Agreements:
8.5.4.2 Product Launches and Product Expansions:
8.6 loanDepot, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Recent strategies and developments:
8.6.3.1 Acquisition, Mergers and Joint Ventures:
8.7 JPMorgan Chase & Co. (Wepay, Inc.)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Product Launches and Product Expansions:
8.8 RefiJet
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Product Launches and Product Expansions:
8.9 Better Holdco, Inc.
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Acquisition and Mergers:
8.10. Caliber Home Loans, Inc. (Newrez LLC)
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:
8.10.2.2 Product Launches and Product Expansions:
TABLE 1 Europe Refinancing Market, 2018 - 2021, USD Million
TABLE 2 Europe Refinancing Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Refinancing Market
TABLE 4 Product Launches And Product Expansions– Refinancing Market
TABLE 5 Acquisitions, Joint Ventures & Mergers – Refinancing Market
TABLE 6 Geographical Expansions – Refinancing Market
TABLE 7 Europe Refinancing Market by Deployment, 2018 - 2021, USD Million
TABLE 8 Europe Refinancing Market by Deployment, 2022 - 2028, USD Million
TABLE 9 Europe On-premise Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe On-premise Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Cloud Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Cloud Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Refinancing Market by End-use, 2018 - 2021, USD Million
TABLE 14 Europe Refinancing Market by End-use, 2022 - 2028, USD Million
TABLE 15 Europe Personal Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Personal Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Commercial Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Commercial Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Refinancing Market by Type, 2018 - 2021, USD Million
TABLE 20 Europe Refinancing Market by Type, 2022 - 2028, USD Million
TABLE 21 Europe Fixed-rate Mortgage Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Fixed-rate Mortgage Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Adjustable-rate Mortgage Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Adjustable-rate Mortgage Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Cash-out Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Cash-out Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe Refinancing Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Refinancing Market by Country, 2022 - 2028, USD Million
TABLE 31 Germany Refinancing Market, 2018 - 2021, USD Million
TABLE 32 Germany Refinancing Market, 2022 - 2028, USD Million
TABLE 33 Germany Refinancing Market by Deployment, 2018 - 2021, USD Million
TABLE 34 Germany Refinancing Market by Deployment, 2022 - 2028, USD Million
TABLE 35 Germany Refinancing Market by End-use, 2018 - 2021, USD Million
TABLE 36 Germany Refinancing Market by End-use, 2022 - 2028, USD Million
TABLE 37 Germany Refinancing Market by Type, 2018 - 2021, USD Million
TABLE 38 Germany Refinancing Market by Type, 2022 - 2028, USD Million
TABLE 39 UK Refinancing Market, 2018 - 2021, USD Million
TABLE 40 UK Refinancing Market, 2022 - 2028, USD Million
TABLE 41 UK Refinancing Market by Deployment, 2018 - 2021, USD Million
TABLE 42 UK Refinancing Market by Deployment, 2022 - 2028, USD Million
TABLE 43 UK Refinancing Market by End-use, 2018 - 2021, USD Million
TABLE 44 UK Refinancing Market by End-use, 2022 - 2028, USD Million
TABLE 45 UK Refinancing Market by Type, 2018 - 2021, USD Million
TABLE 46 UK Refinancing Market by Type, 2022 - 2028, USD Million
TABLE 47 France Refinancing Market, 2018 - 2021, USD Million
TABLE 48 France Refinancing Market, 2022 - 2028, USD Million
TABLE 49 France Refinancing Market by Deployment, 2018 - 2021, USD Million
TABLE 50 France Refinancing Market by Deployment, 2022 - 2028, USD Million
TABLE 51 France Refinancing Market by End-use, 2018 - 2021, USD Million
TABLE 52 France Refinancing Market by End-use, 2022 - 2028, USD Million
TABLE 53 France Refinancing Market by Type, 2018 - 2021, USD Million
TABLE 54 France Refinancing Market by Type, 2022 - 2028, USD Million
TABLE 55 Russia Refinancing Market, 2018 - 2021, USD Million
TABLE 56 Russia Refinancing Market, 2022 - 2028, USD Million
TABLE 57 Russia Refinancing Market by Deployment, 2018 - 2021, USD Million
TABLE 58 Russia Refinancing Market by Deployment, 2022 - 2028, USD Million
TABLE 59 Russia Refinancing Market by End-use, 2018 - 2021, USD Million
TABLE 60 Russia Refinancing Market by End-use, 2022 - 2028, USD Million
TABLE 61 Russia Refinancing Market by Type, 2018 - 2021, USD Million
TABLE 62 Russia Refinancing Market by Type, 2022 - 2028, USD Million
TABLE 63 Spain Refinancing Market, 2018 - 2021, USD Million
TABLE 64 Spain Refinancing Market, 2022 - 2028, USD Million
TABLE 65 Spain Refinancing Market by Deployment, 2018 - 2021, USD Million
TABLE 66 Spain Refinancing Market by Deployment, 2022 - 2028, USD Million
TABLE 67 Spain Refinancing Market by End-use, 2018 - 2021, USD Million
TABLE 68 Spain Refinancing Market by End-use, 2022 - 2028, USD Million
TABLE 69 Spain Refinancing Market by Type, 2018 - 2021, USD Million
TABLE 70 Spain Refinancing Market by Type, 2022 - 2028, USD Million
TABLE 71 Italy Refinancing Market, 2018 - 2021, USD Million
TABLE 72 Italy Refinancing Market, 2022 - 2028, USD Million
TABLE 73 Italy Refinancing Market by Deployment, 2018 - 2021, USD Million
TABLE 74 Italy Refinancing Market by Deployment, 2022 - 2028, USD Million
TABLE 75 Italy Refinancing Market by End-use, 2018 - 2021, USD Million
TABLE 76 Italy Refinancing Market by End-use, 2022 - 2028, USD Million
TABLE 77 Italy Refinancing Market by Type, 2018 - 2021, USD Million
TABLE 78 Italy Refinancing Market by Type, 2022 - 2028, USD Million
TABLE 79 Rest of Europe Refinancing Market, 2018 - 2021, USD Million
TABLE 80 Rest of Europe Refinancing Market, 2022 - 2028, USD Million
TABLE 81 Rest of Europe Refinancing Market by Deployment, 2018 - 2021, USD Million
TABLE 82 Rest of Europe Refinancing Market by Deployment, 2022 - 2028, USD Million
TABLE 83 Rest of Europe Refinancing Market by End-use, 2018 - 2021, USD Million
TABLE 84 Rest of Europe Refinancing Market by End-use, 2022 - 2028, USD Million
TABLE 85 Rest of Europe Refinancing Market by Type, 2018 - 2021, USD Million
TABLE 86 Rest of Europe Refinancing Market by Type, 2022 - 2028, USD Million
TABLE 87 Key Information – Wells Fargo & Company
TABLE 88 Key Information – Ally Financial Inc.
TABLE 89 Key Information – Rocket Companies, Inc.
TABLE 90 Key Information – Citigroup Inc.
TABLE 91 key information – Berkshire Hathaway, Inc.
TABLE 92 Key Information – loanDepot, Inc.
TABLE 93 key information – JPMorgan Chase & Co.
TABLE 94 Key Information – RefiJet
TABLE 95 Key Information – Better Holdco, Inc.
TABLE 96 Key Information – Caliber Home Loans, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Recent strategies and developments: Ally Financial Inc.
FIG 5 Recent strategies and developments: Rocket Companies, Inc.
FIG 6 Recent strategies and developments: Bank of America Corporation
FIG 7 Recent strategies and developments: Caliber Home Loans, Inc.