Can mortgage financing be rescheduled?

Rescheduling your mortgage can be a solution in some cases if the bank agrees, such as extending the term to reduce your monthly payment or adjusting the repayment schedule.

Key points

• However, a lower monthly payment may mean a higher overall cost.

• Before signing, request a written comparison between the old and new schedules, including the monthly payment, number of years, total payments made, and the impact of the rescheduling on your credit history and collateral.

Source

• Central Bank of Egypt — Consumer Protection

• Banque Misr — Individual Mortgages