remortgage Definition and Meaning in English (remortgage definition)

verb
Synonyms:refinance
Quick Answer • Definition

Remortgage definition: To take out a new mortgage on a property to replace an existing one, often to secure a better interest rate or to release equity.

Definitions of Remortgage

  1. 1verb

    To take out a new mortgage on a property to replace an existing one, often to secure a better interest rate or to release equity.

  2. 2noun

    A new mortgage taken out on a property to replace an existing one, typically to obtain more favorable terms.

Example Sentences

business

“Many homeowners choose to remortgage their property to get a lower interest rate.”

business

“The bank offered a competitive remortgage deal for existing customers.”

Synonyms

refinance

Inflected Word Forms

past tenseremortgaged
present participleremortgaging
agent nounremortgager

Frequently Asked Questions: Remortgage in English

What is the meaning of Remortgage in English?▼
Remortgage definition: To take out a new mortgage on a property to replace an existing one, often to secure a better interest rate or to release equity.
How do you translate 'Remortgage' to English?▼
'Remortgage' translates to 'remortgage' in English. Remortgage definition: To take out a new mortgage on a property to replace an existing one, often to secure a better interest rate or to release equity.
How do you pronounce 'Remortgage' and 'remortgage'?▼
Listen to clear English audio pronunciation of 'Remortgage' and native English audio speech for 'remortgage' with bilingual sentence examples on DictBridge.

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