noun
- plural of remortgage; new mortgage agreements that replace existing ones, typically to obtain better terms or release equity
Usage: finance
verb
- third person singular present of remortgage; replaces an existing mortgage with a new one
Usage: finance
Examples
- The bank offers competitive rates on remortgages for existing homeowners.
- Many homeowners are considering remortgages due to falling interest rates.
- She remortgages her property every few years to get better deals.
- The financial advisor explained the benefits of various remortgages available.
- He remortgages his home to fund his business expansion.
- Remortgages can help reduce monthly payments significantly.
- The couple remortgages their house to pay for their children’s education.