verb
- past tense and past participle of remortgage; to replace an existing mortgage with a new one, typically to obtain better terms or release equity
Usage: finance
Examples
- They remortgaged their house to pay for home improvements.
- The couple remortgaged at a lower interest rate to reduce monthly payments.
- She remortgaged the property to raise capital for her business.
- After interest rates dropped, many homeowners remortgaged their properties.
- He remortgaged to consolidate his debts into one manageable payment.
- The family remortgaged their home to fund their children’s college education.