The process of paying off one mortgage with the proceeds from a new mortgage using the same property as security.
A remortgage (also known as refinancing) is the process of paying off one mortgage with the proceeds from a new mortgage using the same property as security. The term is mainly used commercially in English-speaking countries such as the United Kingdom and the United States, though what it describes is not unique to any one country. Often the purpo...Found on http://en.wikipedia.org/wiki/Remortgage
Paying off an existing mortgage and entering into a new one, usually to obtain a lower rate of interest or a larger loan.
Found on http://www.encyclo.co.uk/local/20912
Replacing an existing mortgage loan with another one.
Found on http://www.encyclo.co.uk/local/20185
The arranging of alternative finance for the purchase of a property which is already mortgaged. For... <a target=_blank href='http://www.finance-glossary.com/terms/remortgage.htm?id=1237&ginPtrCode=00000&PopupMode=false' title='Read full definition of remortgage'>more</a>
Found on http://www.finance-glossary.com/pages/home.htm
The process of switching your mortgage loan from one lender to another without necessarily moving house. Found on http://www.encyclo.co.uk/local/20452
This is the process by which a mortgage on a property is moved from one lender to another. The new mortgage is used to repay the existing lender and at the same time additional funds may be raised for other purposes. Remortgaging has become an increasingly popular way to take advantage of the competitive deals offered by lenders to attract new busi...Found on http://www.encyclo.co.uk/local/20194
to negotiate a new mortgage on your existing home.Found on http://www.encyclo.co.uk/local/21457
Where you take out a new mortgage redeeming/repaying any existing mortgageFound on http://www.encyclo.co.uk/local/21468
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