What context can I use each word in?
Learn when and how to use these words with these examples!
remortgaged
Example
We remortgaged our house to take advantage of the lower interest rates. [remortgaged: verb]
Example
The bank offered us a better deal, so we decided to remortgage with them. [remortgage: infinitive]
refinance
Example
We decided to refinance our home to get a lower monthly payment. [refinance: verb]
Example
The bank offered us a great deal on refinancing our car loan. [refinancing: gerund or present participle]
Good things to know
Which word is more common?
Refinance is more commonly used than remortgage in the US, while remortgage is more commonly used in the UK.
Whatโs the difference in the tone of formality between remortgaged and refinance?
Both remortgage and refinance are formal terms used in financial contexts, and are not typically used in casual conversation.
