👉 In finance, "dismortgaging" refers to a process where a borrower sells their property and receives money in exchange for it. This can be done through various means, such as selling the property outright or by refinancing with a new loan. Dismortgaging is often used when someone wants to sell their existing mortgage but still needs to pay off some of the debt they owe on their home. The goal is to avoid bankruptcy and continue paying off the remaining balance on the mortgage while also
