What Does Remortgage Mean?
A remortgage involves switching your current mortgage to a new deal, often with a different lender, without moving home. It’s commonly done to secure a lower interest rate, consolidate debt, or release equity from the property.
Synonyms
Refinancing
Mortgage refinancing
Home loan refinancing
Refinance loan
New mortgage
Mortgage switch
Equity release
Loan remortgaging
Rate adjustment
Mortgage renewal
Antonyms
Initial mortgage
First-time mortgage
New home loan
Original financing
Fixed mortgage
Non-renewable loan
Unchanged mortgage
Permanent mortgage
Original loan terms
First mortgage
Short Sentence Examples
We decided to remortgage our home to get a better interest rate.
She remortgaged to free up some equity for home renovations.
Remortgaging can help reduce monthly payments.
They remortgaged to pay off other high-interest debts.
It’s advisable to check the fees before deciding to remortgage.
