remortgaged Definition
to take out a new mortgage on a property that already has a mortgage, often to get a better interest rate or to borrow more money.
Using remortgaged: Examples
Take a moment to familiarize yourself with how "remortgaged" can be used in various situations through the following examples!
Example
They remortgaged their house to pay for their children's education.
Example
We decided to remortgage our property to get a better interest rate.
Example
The couple remortgaged their home to fund their business venture.
remortgaged Synonyms and Antonyms
Synonyms for remortgaged
- refinance
- re-mortgage
- borrow against equity
Summary: remortgaged in Brief
'Remortgaged' [riːˈmɔːɡɪdʒd] is a verb that refers to taking out a new mortgage on a property that already has a mortgage. This is usually done to obtain a better interest rate or to borrow more money. Examples of its use include 'They remortgaged their house to pay for their children's education.' and 'The couple remortgaged their home to fund their business venture.'
