noun
- the process of replacing an existing mortgage with a new one, typically to obtain better terms or release equity
Usage: finance
verb
- present participle of remortgage: replacing an existing mortgage with a new one
Usage: finance
Examples
- Remortgaging can help homeowners secure lower interest rates.
- They are considering remortgaging their house to fund home improvements.
- The bank offered attractive rates for remortgaging existing customers.
- Remortgaging allowed them to reduce their monthly payments significantly.
- She spent weeks researching the best options for remortgaging.
- The process of remortgaging typically takes several weeks to complete.