remortgage Definition
to borrow money from a different lender in order to pay off an existing mortgage on the same property.
Using remortgage: Examples
Take a moment to familiarize yourself with how "remortgage" can be used in various situations through the following examples!
Example
They decided to remortgage their house to get a better interest rate.
Example
He was able to remortgage his property and reduce his monthly payments.
Example
The bank refused to remortgage their home due to their poor credit score.
remortgage Synonyms and Antonyms
Synonyms for remortgage
Summary: remortgage in Brief
'Remortgage' [riːˈmɔː(r)ɡɪdʒ] is a verb that means to borrow money from a different lender to pay off an existing mortgage on the same property. It is also known as 'refinancing' or 'restructuring'. Examples include 'They decided to remortgage their house to get a better interest rate.' and 'The bank refused to remortgage their home due to their poor credit score.'
