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Definitions from the Web

Term: Remortgage

Description:

Remortgage is a financial term that refers to the process of replacing an existing mortgage with a new one. This is done either by switching to a new lender or by renegotiating the terms of the existing mortgage with the current lender. Remortgaging is typically undertaken to take advantage of better interest rates, borrow additional funds, or change the repayment structure.

Sample Sentences:

1. I decided to remortgage my house to take advantage of the lower interest rates available.
2. By remortgaging our property, we were able to access the funds needed for home improvements.
3. She decided to remortgage her flat so she could pay off her debts and reduce monthly expenses.

Possible Related Products:

• Books on Remortgaging
• Remortgage Lenders
• Remortgage Advice Guides