The Latin America, Middle East and Africa Refinancing Market would witness market growth of 10.0% CAGR during the forecast period (2022-2028).
There are situations where the person who first agreed to a mortgage seems to be no longer to be considered financially liable for the debt, frequently following a divorce. In such cases refinancing is the only means to release them from the mortgage. The co-name signers can also be removed if their assistance is no longer required and they want to be released from any liability.
Users can get a mortgage with a lower down payment if they have mortgage insurance, often referred to as private mortgage insurance (PMI). If they fail to make the agreed-upon mortgage payments, it is intended to safeguard the mortgage lender. When the down payment for a traditional mortgage is less than 20% of the home's assessed value or cost of sales, whichever is lower, PMI is frequently needed on some types of loans.
However, if they refinance, they might be able to do away with the monthly mortgage insurance premium. They are effectively seeking a second mortgage to substitute the current loan when they refinance the existing mortgage. Refinancing the mortgage might enable them to obtain a mortgage without requiring PMI, depending on the kind of loan they have, how much is still owed on it, and the value of the home.
The real estate industry in Brazil is changing as a result of the COVID-19 outbreak. People who once gravitated toward big cities are now looking for opportunities outside of crowded urban centers. Prices of real estate rose as a result of increased demand. People's preferences for renting and purchasing real estate have substantially changed as they attempt to balance work and family obligations in the remote-control working environment.
The Brazil market dominated the LAMEA Refinancing Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $526.3 million by 2028.The Argentina market is experiencing a CAGR of 10.6% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 9.7% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Refinancing Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Refinancing Market, by Deployment
1.4.2 LAMEA Refinancing Market, by End User
1.4.3 LAMEA Refinancing Market, by Type
1.4.4 LAMEA 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. LAMEA Refinancing Market by Deployment
4.1 LAMEA On-premise Market by Country
4.2 LAMEA Cloud Market by Country
Chapter 5. LAMEA Refinancing Market by End-use
5.1 LAMEA Personal Market by Country
5.2 LAMEA Commercial Market by Country
Chapter 6. LAMEA Refinancing Market by Type
6.1 LAMEA Fixed-rate Mortgage Market by Country
6.2 LAMEA Adjustable-rate Mortgage Market by Country
6.3 LAMEA Cash-out Market by Country
6.4 LAMEA Others Market by Country
Chapter 7. LAMEA Refinancing Market by Country
7.1 Brazil Refinancing Market
7.1.1 Brazil Refinancing Market by Deployment
7.1.2 Brazil Refinancing Market by End-use
7.1.3 Brazil Refinancing Market by Type
7.2 Argentina Refinancing Market
7.2.1 Argentina Refinancing Market by Deployment
7.2.2 Argentina Refinancing Market by End-use
7.2.3 Argentina Refinancing Market by Type
7.3 UAE Refinancing Market
7.3.1 UAE Refinancing Market by Deployment
7.3.2 UAE Refinancing Market by End-use
7.3.3 UAE Refinancing Market by Type
7.4 Saudi Arabia Refinancing Market
7.4.1 Saudi Arabia Refinancing Market by Deployment
7.4.2 Saudi Arabia Refinancing Market by End-use
7.4.3 Saudi Arabia Refinancing Market by Type
7.5 South Africa Refinancing Market
7.5.1 South Africa Refinancing Market by Deployment
7.5.2 South Africa Refinancing Market by End-use
7.5.3 South Africa Refinancing Market by Type
7.6 Nigeria Refinancing Market
7.6.1 Nigeria Refinancing Market by Deployment
7.6.2 Nigeria Refinancing Market by End-use
7.6.3 Nigeria Refinancing Market by Type
7.7 Rest of LAMEA Refinancing Market
7.7.1 Rest of LAMEA Refinancing Market by Deployment
7.7.2 Rest of LAMEA Refinancing Market by End-use
7.7.3 Rest of LAMEA 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 LAMEA Refinancing Market, 2018 - 2021, USD Million
TABLE 2 LAMEA 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 LAMEA Refinancing Market by Deployment, 2018 - 2021, USD Million
TABLE 8 LAMEA Refinancing Market by Deployment, 2022 - 2028, USD Million
TABLE 9 LAMEA On-premise Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA On-premise Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Cloud Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Cloud Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Refinancing Market by End-use, 2018 - 2021, USD Million
TABLE 14 LAMEA Refinancing Market by End-use, 2022 - 2028, USD Million
TABLE 15 LAMEA Personal Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Personal Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Commercial Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Commercial Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Refinancing Market by Type, 2018 - 2021, USD Million
TABLE 20 LAMEA Refinancing Market by Type, 2022 - 2028, USD Million
TABLE 21 LAMEA Fixed-rate Mortgage Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Fixed-rate Mortgage Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Adjustable-rate Mortgage Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Adjustable-rate Mortgage Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Cash-out Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Cash-out Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Refinancing Market by Country, 2018 - 2021, USD Million
TABLE 30 LAMEA Refinancing Market by Country, 2022 - 2028, USD Million
TABLE 31 Brazil Refinancing Market, 2018 - 2021, USD Million
TABLE 32 Brazil Refinancing Market, 2022 - 2028, USD Million
TABLE 33 Brazil Refinancing Market by Deployment, 2018 - 2021, USD Million
TABLE 34 Brazil Refinancing Market by Deployment, 2022 - 2028, USD Million
TABLE 35 Brazil Refinancing Market by End-use, 2018 - 2021, USD Million
TABLE 36 Brazil Refinancing Market by End-use, 2022 - 2028, USD Million
TABLE 37 Brazil Refinancing Market by Type, 2018 - 2021, USD Million
TABLE 38 Brazil Refinancing Market by Type, 2022 - 2028, USD Million
TABLE 39 Argentina Refinancing Market, 2018 - 2021, USD Million
TABLE 40 Argentina Refinancing Market, 2022 - 2028, USD Million
TABLE 41 Argentina Refinancing Market by Deployment, 2018 - 2021, USD Million
TABLE 42 Argentina Refinancing Market by Deployment, 2022 - 2028, USD Million
TABLE 43 Argentina Refinancing Market by End-use, 2018 - 2021, USD Million
TABLE 44 Argentina Refinancing Market by End-use, 2022 - 2028, USD Million
TABLE 45 Argentina Refinancing Market by Type, 2018 - 2021, USD Million
TABLE 46 Argentina Refinancing Market by Type, 2022 - 2028, USD Million
TABLE 47 UAE Refinancing Market, 2018 - 2021, USD Million
TABLE 48 UAE Refinancing Market, 2022 - 2028, USD Million
TABLE 49 UAE Refinancing Market by Deployment, 2018 - 2021, USD Million
TABLE 50 UAE Refinancing Market by Deployment, 2022 - 2028, USD Million
TABLE 51 UAE Refinancing Market by End-use, 2018 - 2021, USD Million
TABLE 52 UAE Refinancing Market by End-use, 2022 - 2028, USD Million
TABLE 53 UAE Refinancing Market by Type, 2018 - 2021, USD Million
TABLE 54 UAE Refinancing Market by Type, 2022 - 2028, USD Million
TABLE 55 Saudi Arabia Refinancing Market, 2018 - 2021, USD Million
TABLE 56 Saudi Arabia Refinancing Market, 2022 - 2028, USD Million
TABLE 57 Saudi Arabia Refinancing Market by Deployment, 2018 - 2021, USD Million
TABLE 58 Saudi Arabia Refinancing Market by Deployment, 2022 - 2028, USD Million
TABLE 59 Saudi Arabia Refinancing Market by End-use, 2018 - 2021, USD Million
TABLE 60 Saudi Arabia Refinancing Market by End-use, 2022 - 2028, USD Million
TABLE 61 Saudi Arabia Refinancing Market by Type, 2018 - 2021, USD Million
TABLE 62 Saudi Arabia Refinancing Market by Type, 2022 - 2028, USD Million
TABLE 63 South Africa Refinancing Market, 2018 - 2021, USD Million
TABLE 64 South Africa Refinancing Market, 2022 - 2028, USD Million
TABLE 65 South Africa Refinancing Market by Deployment, 2018 - 2021, USD Million
TABLE 66 South Africa Refinancing Market by Deployment, 2022 - 2028, USD Million
TABLE 67 South Africa Refinancing Market by End-use, 2018 - 2021, USD Million
TABLE 68 South Africa Refinancing Market by End-use, 2022 - 2028, USD Million
TABLE 69 South Africa Refinancing Market by Type, 2018 - 2021, USD Million
TABLE 70 South Africa Refinancing Market by Type, 2022 - 2028, USD Million
TABLE 71 Nigeria Refinancing Market, 2018 - 2021, USD Million
TABLE 72 Nigeria Refinancing Market, 2022 - 2028, USD Million
TABLE 73 Nigeria Refinancing Market by Deployment, 2018 - 2021, USD Million
TABLE 74 Nigeria Refinancing Market by Deployment, 2022 - 2028, USD Million
TABLE 75 Nigeria Refinancing Market by End-use, 2018 - 2021, USD Million
TABLE 76 Nigeria Refinancing Market by End-use, 2022 - 2028, USD Million
TABLE 77 Nigeria Refinancing Market by Type, 2018 - 2021, USD Million
TABLE 78 Nigeria Refinancing Market by Type, 2022 - 2028, USD Million
TABLE 79 Rest of LAMEA Refinancing Market, 2018 - 2021, USD Million
TABLE 80 Rest of LAMEA Refinancing Market, 2022 - 2028, USD Million
TABLE 81 Rest of LAMEA Refinancing Market by Deployment, 2018 - 2021, USD Million
TABLE 82 Rest of LAMEA Refinancing Market by Deployment, 2022 - 2028, USD Million
TABLE 83 Rest of LAMEA Refinancing Market by End-use, 2018 - 2021, USD Million
TABLE 84 Rest of LAMEA Refinancing Market by End-use, 2022 - 2028, USD Million
TABLE 85 Rest of LAMEA Refinancing Market by Type, 2018 - 2021, USD Million
TABLE 86 Rest of LAMEA 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.